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Bonita Industries had the following inventory transactions occur during 2020: The company sold 160 units at $60 each and has a tax rate of 40%.

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Bonita Industries had the following inventory transactions occur during 2020: The company sold 160 units at $60 each and has a tax rate of 40%. There is no beginning inventory. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO? (rounded to whole dollars) $7384$2216$6768$2535

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