Lee Industries had the following inventory transactions occur during 2014: 
The company sold 204 units at $63 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)
Definitions:
Synergy
The creation of a whole greater than the sum of its parts.
Organizational Units
Subdivisions within a company or institution that specialize in specific functions or objectives.
Guideline
A rule or piece of advice that suggests how something should be done or what actions are most likely to achieve a specific goal.
Policy
A deliberate system of principles to guide decisions and achieve rational outcomes.
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