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Whispering Winds Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 99 $ 41 Mar. 14, 2022 Purchase 171

Whispering Winds Corp. had the following inventory transactions occur during 2022:

Units

Cost/unit

Feb. 1, 2022

Purchase

99 $ 41

Mar. 14, 2022

Purchase

171 $ 43

May 1, 2022

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 companys gross profit using LIFO?

$ 4404

$ 12368

$ 11952

$ 3988

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