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Pina Colada Corp.had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 119 $50 Mar. 14, 2022 Purchase 205 $52 May

Pina Colada Corp.had the following inventory transactions occur during 2022:

Units Cost/unit

Feb. 1, 2022 Purchase 119 $50

Mar. 14, 2022 Purchase 205 $52

May 1, 2022 Purchase 145 $54

The company sold337units at $69each and has a tax rate of30%. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO?

$5439

$17312

$17814

$5941

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