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Ace Industries had the following inventory transactions occur during 2025 : The company sold 255 units at $126 each and has a tax rate of

Ace Industries had the following inventory transactions occur during 2025 : 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 net income using LIFO? (rounded to the nearest dollar) $3.654 55,40 . $5,220 $5,188

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