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A company has the following: Dec. 1, Beg. Bal. Dec. 14, Purchase Dec. 21, Purchase Units Cost per unit 40 $42 60 $43 55 $44
A company has the following: Dec. 1, Beg. Bal. Dec. 14, Purchase Dec. 21, Purchase Units Cost per unit 40 $42 60 $43 55 $44 The company sold 100 units at $75 each and has a tax rate of 20%. Assuming that a periodic inventory system is used and operating expenses are $1,000, what is the company's after tax net income using LIFO?(rounded to whole dollars) O $3,885 $3,145 $1,716 O $2,516 O $2,145
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