Concord Corporation had the following inventory

Concord Corporation had the following inventory transactions occur during 2022:

		Units	Cost/unit
Feb. 1, 2022	Purchase	86	$36
Mar. 14, 2022	Purchase	149	$38
May 1, 2022	Purchase	106	$39

The company sold 245 units at $50 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company’s gross profit using LIFO?

$9148$2834$9416$3102

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Concord Corporation had the following inventory

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