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:
Population Distributions
The spread of characteristics (e.g., age, income) within a whole population, or the distribution of values of a variable across the entire population.
Observations Value
The recorded measures or data collected during an experimental or survey research study.
Observations Value
The observations value refers to the actual data or measurements collected during a study or experiment.
Critical Values
These are thresholds or cut-off points on a statistical distribution used to determine the significance of a test statistic.
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