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Dole Industries had the following inventory transactions occur during 2012: Feb. 1, 2012 Purchase 54 $90 = $4,860 Mar. 14, 2012 Purchase 93 $94 =

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Dole Industries had the following inventory transactions occur during 2012: Feb. 1, 2012 Purchase 54 $90 = $4,860 Mar. 14, 2012 Purchase 93 $94 = $8,742 May 1, 2012 Purchase 66 $98 = $6,468 The company sold 153 units at $126 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? O A. $14,646 O B. $14,190 O C. $5,088 O D. $4,632

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