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Metlock, Inc. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 97 $41 Mar. 14, 2022 Purchase 167 $42 May

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Metlock, Inc. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 97 $41 Mar. 14, 2022 Purchase 167 $42 May 1, 2022 Purchase 119 $44 The company sold 275 units at $57 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? $11788 $3887 $11475 $4200

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