21. Dole Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase Mar. 14, 2017 Purchase May 1, 2017 Purchase 90 155 110 $90 $94 S98 The company sold 255 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2,500, what is the company's after-tax income using LIFO? (rounded to whole dollars) A) $5,220 B) $5,404 C) $4,186 D) S3,654 22. At May 1, 2017, Heineken Company had beginning inventory consisting of 300 units with a unit cost of $7. During May, the company purchased inventory as follows: 600 units at $7 900 units at $8 The company sold 1,500 units during the month for $12 per unit. Heineken uses the average cost method. The average cost per unit for May is A) $7.00. B) $7.50. C) $7.60. D) $8.00. 23. Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Units 300 150 150 Per unit price Total Balance, 1/1/2017 Purchase, 1/15/2017 Purchase, 1/28/2017 An end of the month (1/31/2017) inventory showed that 240 units were on hand. How many units did the company sell during January 2017? A) 90 B) 240 C) 300 D) 360 $5.00 5.30 5.50 S1,500 795 825