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Concord Corporation had the following inventory transactions occur during 2022: Units 72 Feb. 1.2022 Mar. 14.2022 May 1, 2022 Purchase Purchase Purchase Cost/unit $72 $75

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Concord Corporation had the following inventory transactions occur during 2022: Units 72 Feb. 1.2022 Mar. 14.2022 May 1, 2022 Purchase Purchase Purchase Cost/unit $72 $75 $78 124 88 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 FIFO? O $5496 O $15564 O $15108 O $5040

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