Automobile Audio has the following inventory data: Nov. 1 8 17 25 Inventory Purchase Purchase Purchase 33 units @ $6.60 each 132 units @ $7.10 each 66 units @ $6.95 each 99 units @ $7.30 each A physical count of merchandise inventory on November 30 reveals that there are 110 units on hand. Ending inventory under FIFO is $765. $1572. $799. $1537. Carryable CDs has the following inventory data: Nov. 1 Inventory 8 Purchase 17 Purchase 25 Purchase 27 units @ $5.40 each 108 units @ $5.80 each 54 units @ $5.65 each 81 units @ $5.90 each A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Cost of goods sold under LIFO is $511. $1044 $529. $1026. Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 119 $50 Mar. 14, 2017 Purchase 205 $52 May 1, 2017 Purchase 145 $54 The company sold 337 units at $69 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $1980, what is the company's after-tax income using LIFO? (rounded to whole dollars) $3961 $2421 $3459 $2773 At May 1, 2017, Oriole Company had beginning inventory consisting of 340 units with a unit cost of $8.0. During May, the company purchased inventory as follows: .670 units at $8.0 1010 units at $9.0 The company sold 1680 units during the month for $13.0 per unit. Oriole Company uses the average cost method. The value of Oriole Company's inventory at May 31, 2017 is $3060. $2720. $17170. $2890. On November 1, 2016. Crane Company places a new asset into service. The cost of the asset is $92500 with an estimated 5-year life and $8500 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Crane Company uses the straight-line method of depreciation? $4200. $2800. $16800. $9250