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Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 $7.200 Sales Purchases 600 gals @ $7.25Ma 00 gals

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Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 $7.200 Sales Purchases 600 gals @ $7.25Ma 00 gals @ $7.30 Mar. 10 00 gals ar 5 Mar. 16 ar. 14 700 gals Mar. 23 600 gals @ $7.35 ar. 20 500 gals ar. 26 700 gals Ending inventory assuming LIFO in a perpetual inventory system would be: Multiple Choice $5,060 $5,080 $5,140. $4,960

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