Romanoff Industries had the following inventory transactions occur during 2018: 
The company sold 150 units at $70 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? (rounded to whole dollars)
Definitions:
Hospitalization
The process or period of being admitted to a hospital for treatment, observation, or surgery.
Upset
A state of being unhappy, disappointed, or worried.
Hospitalization
The act of admitting a patient to a hospital for treatment, observation, or surgery.
Intervention
Actions taken to improve a situation, especially in health, social, or educational matters.
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