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Cheyenne Corp. had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 81 $81 Mar. 14, 2017 Purchase 140 $85 May

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Cheyenne Corp. had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 81 $81 Mar. 14, 2017 Purchase 140 $85 May 1, 2017 Purchase 99 $88 The company sold 230 units at $113 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?(rounded to whole dollars) O $19253 O $6143 O $19847 $6737

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