The following data was extracted from the records of Today Company: 
What is the gross profit using the LIFO method?
Definitions:
Tax
A compulsory financial charge or other levy imposed by a government to fund public expenditures.
Demand Function
A mathematical representation showing the relationship between the quantity demanded of a good and its price, along with other factors affecting demand.
Supply Function
Represents the relationship between the quantity of a good that producers are willing to sell and the price of the good.
Quantity Supplied
The amount of a particular good or service that suppliers are willing and able to provide at a given price during a certain period.
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