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Inventory Records for Herb's Chemicals Revealed the Following: March 1

Question 124

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Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 -Ending inventory assuming LIFO in a perpetual inventory system would be: A) $4,960. B) $5,060. C) $5,080. D) $5,140.
-Ending inventory assuming LIFO in a perpetual inventory system would be:


A) $4,960.
B) $5,060.
C) $5,080.
D) $5,140.

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