a) Kingbird, Inc. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 123 $51 Mar. 14, 2022 Purchase 212 $54 May 1, 2022 Purchase 150 $56 The company sold 349 units at $72 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2052, what is the companys after-tax income using LIFO?

$2751.00 $4571.00 $3930.00 $3199.70

B) At May 1, 2022, Kingbird, Inc. had beginning inventory consisting of 340 units with a unit cost of $8. During May, the company purchased inventory as follows: 680 units at $8 1030 units at $9 The company sold 1710 units during the month for $14 per unit. Kingbird, Inc. uses the average cost method. The value of Kingbird, Inc.'s inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.)

$3060.

$17430.

$2890.

$2720.

C) The manager of Kingbird is given a bonus based on net income before taxes. The net income after taxes is $68830 for FIFO and $57000 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

$16900

$3380

$23660

$11830