Question: Question 5 1 points Save Answ Dalton Industries had the following inventory transactions occur during 2017: Units Purchase Feb. 1, 2017 Mar. 14, 2017 May

Question 5 1 points Save Answ Dalton Industries had the following inventory transactions occur during 2017: Units Purchase Feb. 1, 2017 Mar. 14, 2017 May 1, 2017 Cost unit $90 S94 Purchase $98 The company sold 255 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using LIFO? (rounded to whole dollars) $24,410 $23,650 $8.480 $7.720

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