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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. Cost/unit 134

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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. Cost/unit 134 $56 231 $58 164 $61 sort The company sold 379 units at $78 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company gross profit using LIFO?(rounded to whole dollars) $7088 $22474 $7806 $21756 Attema d e

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