Dole Industries had the following inventory transactions occur during 2014: 
The company sold 204 units at $126 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:
Risk-free Interest Rate
The rate of return on an investment with no risk of financial loss, often associated with government bonds.
Foreign Trade Surplus
A situation where a country's exports exceed its imports over a given period, indicating a positive balance of trade.
Portfolio Riskiness
Refers to the degree of uncertainty or potential financial loss inherent in an investment portfolio.
Beta
A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. It is used in the capital asset pricing model.
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