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:
Australian Dolphins
A reference to dolphin species that are found in Australian waters, known for their intelligence and complex behaviors.
Language Development
The way in which kids learn to comprehend and use language during their early years.
Behaviorists
Psychologists who focus on observable behaviors and the processes by which behaviors are learned, often through conditioning.
Critical Period
A specific time in an organism's development when it is particularly sensitive to certain environmental stimuli, making it easier for the organism to acquire certain skills or behaviors.
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