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Novak Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 110 $110 Mar. 14, 2022 Purchase 189 $115 May

Novak Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 110 $110 Mar. 14, 2022 Purchase 189 $115 May 1, 2022 Purchase 134 $120 The company sold 311 units at $154 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the companys gross profit using FIFO?

$36435

$35275

$12619

$11459

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