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Question 13 0.5 pts A company has the following: Units Cost per unit Dec. 1, Beginning balance 40 $42 Dec. 14, Purchase 60 $43 Dec.

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Question 13 0.5 pts A company has the following: Units Cost per unit Dec. 1, Beginning balance 40 $42 Dec. 14, Purchase 60 $43 Dec. 21, Purchase 53 $44 The company sold 100 units at $75 each and has a tax rate of 25%. Assuming that a periodic inventory system is used and operating expenses are $2,000, what is the company's gross profit using LIFO? (rounded to whole dollars) $3,145 $3,655 $4,355 O $3,147 $3.885 Next

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