Question: March 1 , 2 0 2 2 , inventory - 1 , 0 0 0 gallons @ $ 7 . 2 0 = $ 7

March 1,2022, inventory -1,000 gallons @ $7.20= $7,200
27.Ending inventory assuming LIFO in a perpetual inventory system would be:
A.$4,960.
B.$5,060.
C.$5,080.
D.$5,140.
28.The ending inventory assuming FIFO is:
A.$5,140.
B.$5,080.
C.$5,060.
D.$5,050.
29.The ending inventory under a periodic inventory system assuming average cost is:
A.$5,087.
B.$5,107.
C.$5,077.
D.$5,005.

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