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Pharoah Company had the following inventory transactions occur during 2022 Units Cost/unit Feb. 1.2022 Purchase 134 $56 Mar. 14.2022 Purchase 231 $58 May 1, 2022

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Pharoah Company had the following inventory transactions occur during 2022 Units Cost/unit Feb. 1.2022 Purchase 134 $56 Mar. 14.2022 Purchase 231 $58 May 1, 2022 Purchase 164 $61 The company sold 379 units at $78 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? O $7806 $22474 O $21756 O $7088

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