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Hogan Industries had the following inventory transactions occur during 2017: Cost/unit $42 Feb. 1, 2017 Mar. 14, 2017 May 1, 2017 Purchase Purchase Purchase Units

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Hogan Industries had the following inventory transactions occur during 2017: Cost/unit $42 Feb. 1, 2017 Mar. 14, 2017 May 1, 2017 Purchase Purchase Purchase Units 102 175 124 $44 $46 The company sold 288 units at $59 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 $12490 $4072 $4502 $12920

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