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Blossom Company had the following inventory transactions occur during 2022 Units Cost/unit Feb. 1,2022 Purchase 127 $53 Mar. 14,2022 Purchase 219 $55 May 1, 2022

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Blossom Company had the following inventory transactions occur during 2022 Units Cost/unit Feb. 1,2022 Purchase 127 $53 Mar. 14,2022 Purchase 219 $55 May 1, 2022 Purchase 156 $58 The company sold 361 units at $74 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? $20323 $7068 O $19646 $6391

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