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8. Oriole Company had the following inventory transactions occur during 2022: Feb. 1, 2022 Mar. 14, 2022 May 1, 2022 Purchase Purchase Purchase Units Cost/unit

8. Oriole Company had the following inventory transactions occur during 2022: Feb. 1, 2022 Mar. 14, 2022 May 1, 2022 Purchase Purchase Purchase Units Cost/unit 101 $101 174 $105 123 $110 The company sold 286 units at $141 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? a. $10,645 b. $29,681 c. $ 9,681 d. $30,645

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