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Oriole Industries had the following inventory transactions occur during 2020: The company sold 149 units at $60 each and has a tax rate of 40%.

Oriole Industries had the following inventory transactions occur during 2020: The company sold 149 units at $60 each and has a tax rate of 40%. There is no beginning inventory. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO? (rounded to whole dollars) $1793 $1488 $7452 $7096

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