amdustries had the following inventory transactions occur during 2020 Units Cost/unit 2/1/20 Purchase 40 $40 3/14/20 Purchase 107 $44 5/1/20 Purchase 67 $52 The company sold 140 units at 580 each and has a tax rate of 40%. Assuming that a periodic inventory system is used, what is the company's after-tax income using FIFO? (rounded to whole dollars) $3120 $4504 $5200 $2702 eTextbook and Media Attempts: 0 of 1 used Submit Answer