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Units Cost/unit Feb. 1, 2017 Purchase 86 $36 Mar. 14, 2017 Purchase 149 $38 May 1, 2017 Purchase 106 $39 The company sold 245 units

		Units	Cost/unit
Feb. 1, 2017	Purchase	86	$36
Mar. 14, 2017	Purchase	149	$38
May 1, 2017	Purchase	106	$39

The company sold 245 units at $50 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the companys gross profit using LIFO? (rounded to whole dollars)

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