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Hogan Industries had the following inventory transactions occur during 2017: Feb. 1. 2017 Purchase Mar. 14, 2017 Purchase May 1, 2017 Purchase Units 106 182

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Hogan Industries had the following inventory transactions occur during 2017: Feb. 1. 2017 Purchase Mar. 14, 2017 Purchase May 1, 2017 Purchase Units 106 182 129 Cost/unit $44 $46 $48 The company sold 300 units at $62 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) $4542 $4988 $14058 $13612

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