Question 3 (2 points) Witt Hardware had an inventory of 1,500 hammers valuell at $5.00 each to begin the month. Witt sold 800 hammers on the 15th of the month and purchased 2,800 hammers on the last day of the month at $5.80 each. What is Witt's inventory on a LIFO basis as of the beginning of the next month? $ 19,100 under both systems. $19,740 under the periodic system only. $19,100 under the perpetual system only. $19,740 under the perpetual system only