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Bh-8cR Company employs a periodic inventory system and sells its inventory to customers for $58 per unit. Bh-8cR Company's inventory records disclosed the following information
Bh-8cR Company employs a periodic inventory system and sells its inventory to customers for $58 per unit. Bh-8cR Company's inventory records disclosed the following information for the month of April: April 1: Beginning inventory was 4,200 units @ $31 cost per unit April 8: Purchased 3,600 units @ $27 cost per unit April 12: Purchased 5,100 units @ $39 cost per unit April 16: Sold 9,300 units April 19: Purchased 6,400 units @ $24 cost per unit April 23: Sold 1,700 units April 27: Sold 6,900 units April 29: Purchased 4,300 units @ $46 cost per unit Bh-8cR Company's operating expenses for April totaled $169,400 and the April income tax rate was 36%. Calculate the amount of net income reported on Bh-SCR Company's income statement for April using the LIFO method
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