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March 1, 2021, inventory 1,000 gallons @ $7.20 per gallon = $7,200 Time 21:30 700 gals Purchases: Sales Mar. 10 600 gals @ $7.25 Mar.

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March 1, 2021, inventory 1,000 gallons @ $7.20 per gallon = $7,200 Time 21:30 700 gals Purchases: Sales Mar. 10 600 gals @ $7.25 Mar. 5 400 gals Mar. 16 800 gatsh 730 Mar. 14 Mar. 23 600 gals $735 Mar. 20 500 gals Mar 26 700 gals Ending inventory assuming LIFO in a periodic inventory system would be Select one O A 55,135. OB $5,055 OC $5,040 O D. $5,075

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