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Wildhorse Industries had the following inventory transactions occur during 2025 , its first year of operations: The company sold 240 units at $118 each and

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Wildhorse Industries had the following inventory transactions occur during 2025 , its first year of operations: The company sold 240 units at \$118 each and has a tax rate of 30\%. Assuming that a periodic inventory system is used, what is the company's gross profit us LIFO? (rounded to the nearest dollar) $20901 $6788 $7419

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