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Question 6 of 10 -/1 TIT View Policies Current Attempt in Progress Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Purchase

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Question 6 of 10 -/1 TIT View Policies Current Attempt in Progress Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Purchase 89 Feb. 1, 2017 Mar. 14, 2017 May 1, 2017 Purchase 153 $37 $39 $40 Purchase 108 The company sold 251 units at $52 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO? (rounded to whole dollars) O $3432 $9897 O $9620 $3155

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