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Question 12 View Policies Current Attempt in Progress Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb 1, 2017 Purchase 110

Question 12 View Policies Current Attempt in Progress Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb 1, 2017 Purchase 110 $46 Mar 14, 2017 Purchase 190 $48 May 1, 2017 Purchase 135 $50 The company sold 312 units at $64 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?(rounded to whole dollars) $15246 $4722 $5188 $14780

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