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Concord Corporation had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 72 $ 72 Mar. 14, 2022 Purchase 124 $

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Concord Corporation had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 72 $ 72 Mar. 14, 2022 Purchase 124 $ 75 May 1, 2022 Purchase 88 $ 78 The company sold 204 units at $ 101 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? $ 15108 $ 5040 $ 5496 O $ 15564

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