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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1050 gallons o $7.30 per gallon = $7,665 01:17:51 Purchases: Mar. 10 Mar.

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1050 gallons o $7.30 per gallon = $7,665 01:17:51 Purchases: Mar. 10 Mar. 16 Mar. 23 610 gals @ $7.35 810 gals @ $7.40 610 gals @ $7.45 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 410 gals 710 gals 510 gals 710 gals Ending inventory assuming LIFO in a periodic Inventory system would be: Multiple Choice O $5,402 0 $5,439. 0 C $5,499

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