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Sandhill Industries had the following imventory transactions occur during 2025, its first year of operations: The company sold 296 units at $146 each and has

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Sandhill Industries had the following imventory transactions occur during 2025, its first year of operations: The company sold 296 units at $146 each and has a tax rate of 30%. Assuming that a periodicinventory system is used, what is the company's gross profit using LIFO? (rounded to the nearest dollar) $32904 $11412 $10312 $31804

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