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Whispering Winds Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022...

Whispering Winds Corp. had the following inventory transactions occur during 2022:

Units

Cost/unit

Feb. 1, 2022

Purchase

 83 $83

Mar. 14, 2022

Purchase

 143 $86

May 1, 2022

Purchase

 101 $90


The company sold 235 units at $116 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?

A) $6646

B) $20614

C) $19997

D) $7263

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