Business, 31.12.2019 02:31 lacourboud20005

Inventory records for herb's chemicals revealed the following:

march 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200

purchases: sales:
mar. 10 600 gals @ $7.25 mar. 5 400 gals
mar. 16 800 gals @ $7.30 mar. 14 700 gals
mar. 23 600 gals @ $7.35 mar. 20 500 gals
mar. 26 700 gals

ending inventory assuming lifo in a periodic inventory system would be:

$5,040.

$5,055.

$5,075.

$5,135.

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Inventory records for herb's chemicals revealed the following:

march 1, 2016, inventor...

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