Dunkin Donuts had the following activity during the month of April:

Date	Transaction	Units	Unit Cost	Total Cost
April 01	Beg. Inventory	3,200	$52.70	$168,640
April 04	Purchase	3,400	53.10	180,540
April 25	Purchase	3,500	54.00	189,000

Dunkin had 3,050 units on hand in April. The sales price for all units sold in April was $72.00 per unit.

If Dunkin uses the LIFO inventory method, the Gross Profit reported on the monthly income statement on April 30th would be:

Select one:

a. $135,546

b. $138,060

c. $151,364

d. $130,155

e. $135,128