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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,200 gallons @ $7.60 per gallon = $9,120 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,200 gallons @ $7.60 per gallon = $9,120 Purchases: Mar. 10 Mar. 16 Mar. 23 640 gals @ $7.65 840 gals @ $7.70 640 gals @ $7.75 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 440 gals 740 gals 540 gals 740 gals Ending inventory assuming LIFO in a periodic inventory system would be: Multiple Choice $6,536. $6,551. $6,579. O $6,639

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