View Policies Current Attempt in Progress Sunland Industries had the following inventory transactions occur during 2020 Units Costunit 2/1/20 Purchase 50 $41 5/1/20 3/14/20 Purchase 94 Purchase 67 $40 $55 The company sold 147 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 $5975 O $4875 O $6885 O $5785 Save for Later Attempts: 0 of 1 used Submit Art