Question: Question 30 (2 points) The Paul George Corporation, a diversified distribution company, purchases cases of basketballs from the K-Bryant Company and markets the balls under

 Question 30 (2 points) The Paul George Corporation, a diversified distribution

Question 30 (2 points) The Paul George Corporation, a diversified distribution company, purchases cases of basketballs from the K-Bryant Company and markets the balls under the Paul George brand name. In the table below. Quarter 1 represents the time period from January 1, 2020 to March 31. Assume that Paul George began operations on January 1, 2020 with 3500 cases of balls valued at $24 per case. In the first quarter of 2020, Paul George sold 45,000 cases of balls at at a price of $40 per case Purchases data for Paul George's first quarter of business is shown in the following table Based on this information, if Paul George Corporation uses the LIFO inventory valuation method what did the company report as Gross Profit for the first quarter of 2020? Record your answer as a dollar amount rounded to zero decimal places, but do not include a dollar sign or any commas in your answer. For examplo, record $23,429.834 as 23430 Month Number of Cases Purchased Caso January 10,000 $30 February 15,000 $34 March 25,000 Cost per $40 Your

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