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 FIFO? (rounded to whole dollars)
Definitions:
Elitist
Pertaining to or advocating the dominance of a society by a select group of people considered superior in terms of intellect, social status, wealth, or other attributes.
Anti-democratic
Refers to actions, policies, or beliefs that are opposed to the principles of democracy, which typically involves the suppression of political participation and the centralization of power.
Charismatic CEO
A chief executive officer who possesses a magnetic personality and charm, often inspiring staff and attracting public interest.
Employee Identification
The process by which workers align themselves with the values and goals of their employer, fostering a sense of belonging.
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