15 of 39 View Policies Current Attempt in Progress Concord Corporation had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 72 $72 Mar. 14, 2017 May 1, 2017 Purchase Purchase 124 $75 88 $78 -/4E The company sold 204 units at $101 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? (rounded to whole dollars) O $5040 O $15108 O $15564 $5496 Save for Later Attempts: 0 of 1 used Submit