Romanoff Industries had the following inventory transactions occur during 2015: 
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 LIFO? (rounded to whole dollars)
Definitions:
Black Coffee
Coffee served without any additional ingredients such as milk, cream, or sugar.
Daily Weight
The practice of weighing oneself daily to monitor weight fluctuations, often used in clinical settings to track fluid balance.
Bulimia
An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as purging.
Metabolic Alkalosis
A condition characterized by an increase in the body's pH level, indicating an excess of bicarbonate in the blood.
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