View Policies Current Attempt in Progress Concord Industries had the following inventory transactions occur during 2020: Units Cost/unit 2/1/201 Purchase 58 $41 3/14/20 Purchase 89 $44 5/1/20 Purchase 68 $55 The company sold 150 units at $80 each and has a tax rate of 20%. Assuming that a periodic inventory system is used what is the company's gross profit using FIFO? (rounded to whole dollars) O $7348 O $6459 O $4652 O $5541 Save for Later Attempts: 0 of 1 used Salt