Dole Industries had the following inventory transactions occur during 201X: Units Cost/unit Feb. 1, 201X Purchase 54 units........... $45 Mar. 14, 201X Purchase 93 units........... $47 May 1, 201X Purchase 66 units........... $49 The company sold 153 units at $63 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? (rounded to whole dollars)

Question 30 options:

	$2,316
	$7,095
	$2,544
	$7,323