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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory, 1100 gallons @ $7.4 per gallon = 58.140 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory, 1100 gallons @ $7.4 per gallon = 58.140 Purchases: Mar. 10 Mar. 16 Mar. 23 620 gals @ $7.45 820 gals @ $7.50 620 gals $7.55 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 420 gals 720 gals 520 gals 720 gals Ending inventory assuming LIFO in a perpetual inventory system would be Multiple Choice $5,692 55,812 S5,872 55792

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