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Sandhill Industries had the following inventory transactions occur during 2025, its first year of operations: Units Cost/unit Feb. 1, 2025 Purchase 99 $41 Mar.

Sandhill Industries had the following inventory transactions occur during 2025, its first year of operations: Units Cost/unit Feb. 1, 2025 Purchase 99 $41 Mar. 14, 2025 Purchase 171 $43 May 1, 2025 Purchase 121 $45 The company sold 282 units at $58 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 the nearest dollar) $12368 $4404 $3988 O $11952

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