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16- Marigold Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 84 $35 Mar. 14, 2022 Purchase 145 $37

16- Marigold Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 84 $35 Mar. 14, 2022 Purchase 145 $37 May 1, 2022 Purchase 103 $38 The company sold 239 units at $49 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? $8946 $8685 $3026 $2765

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