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Bramble Industries had the following inventory transactions occur during 2020: The company sold 160 units at $70 each and has a tax rate of 30%.

image text in transcribed Bramble Industries had the following inventory transactions occur during 2020: The company sold 160 units at $70 each and has a tax rate of 30%. 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) $7488$4018$6928$3712

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