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Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017...

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Accounting

Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 104 $43 Mar. 14, 2017 Purchase 179 $45 May 1, 2017 Purchase 127 $47 The company sold 294 units at $60 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the companys gross profit using FIFO? (rounded to whole dollars)

$4156

$13484

$13044

$4596

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