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Question 30 (2 points) The PaulGeorge Corporation, a diversified distribution company, purchases cases of basketballs from the K-Bryant Company and markets the balls under the

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Question 30 (2 points) The PaulGeorge Corporation, a diversified distribution company, purchases cases of basketballs from the K-Bryant Company and markets the balls under the PaulGeorge brand name. In the table below, Quarter 1 represents the time period from January 1, 2020 to March 31. Assume that PaulGeorge began operations on January 1, 2020 with 3500 cases of balls valued at $25 per case. In the first quarter of 2020, PaulGeorge sold 45,000 cases of balls at at a price of $40 per case. Purchases data for PaulGeorge's first quarter of business is shown in the following table. Based on this information, if Paul George Corporation uses the LIFO inventory valuation method, what did the company report as Gross Profit for the first quarter of 2020? Record your answer as a dollar amount rounded to zero decimal places, but do not include a dollar sign or any commas in your answer. For example, record $23,429.834 as 23430. Cost per Month January February March Number of Cases Purchased 10,000 15,000 25,000 Case $30 $33 $36 Your

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