Hogan Industries had the following inventory transactions occur during 2014: 
The company sold 102 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:
Positive Contributions
Beneficial acts or inputs provided by an individual or group that help achieve a goal, enhance productivity, or improve welfare.
Team Leader
An individual who is responsible for guiding, coordinating, and supervising the activities of a group towards achieving its goals.
Project Team
A group of individuals with diverse skills and roles brought together to work on a specific project, and oriented towards achieving the project's objectives.
Overall Scheme
a comprehensive plan or strategy that outlines the main objectives and methods to achieve them, covering all aspects of a project or organization.
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