Multiple Choice Question 97 Coronado Industries had the following inventory transactions occur during 2020 Units Cost/unit 2/1/20 Purchase 60 3/14/20 Purchase 94 $49 $43 $46 5/1/20 Purchase 63 The company sold 156 units at $80 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) $10107 $4959 $7767 $5583