FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can anyone help me in this multiple choice question. Thanks QUESTION 8 Dole Industries had the following inventory transactions occur during 2017: Units Cost. unit

Can anyone help me in this multiple choice question. Thanks

image text in transcribed
QUESTION 8 Dole Industries had the following inventory transactions occur during 2017: Units Cost. unit Feb. 1, 2017 Purchase 90 $90 Mar. 1-1, 2017 Purchase 155 894 May 1, 2017 Purchase 110 $98 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 after-tax income using LIFO? (rounded to whole dollars) r' $5,220 0 $5,404 $4,186 A $3,654

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic And Investigative Accounting

Forensic And Investigative Accounting

Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton

10th Edition

0808056301, 9780808056300

More Books

Students also viewed these Accounting questions

Question

★★★★★
A random sample of 100 men contained 61 in favor of a state constitutional amendment to retard the rate of growth of property taxes. An independent random sample of 100 women contained 54 in favor of...

Answered: 1 week ago

Question

★★★★★
Consider a normal distribution with mean = 12 and standard deviation = 90. Calculate P ( > 36) for each of the following sample sizes: a. n = 1 b. n = 9 c. n = 16 d. n = 25

Answered: 1 week ago

Question

★★★★★
Burnout and boredom are two negative patters of employee well-being at work. What (if possible) preventive strategies can organizations use?

Answered: 1 week ago

Question

★★★★★
Village Voice Media, owners of the famous Village Voice newspaper in New York City, sent a letter to The Cape Cod Voice, a year-old publication located in Orleans, Massachusetts, objecting to the use...

Answered: 1 week ago

Question

★★★★★
Write a java code with class Account to calculate balance of customer account, the class has instance variables which are describe the personal info of customer, Basic salary, tax Methods of...

Answered: 1 week ago

Question

★★★★★
1. What strategic objective(s) did PepsiCo want to achieve by acquiring COC (Carts of Colorado)

Answered: 1 week ago

Question

★★★★★
Data for Manufacturing Division of a company is as follows: Manufacturing Division Division Current ROI 25% Projected ROI on new Investment Project 17% Corporate Average ROI 15% Investment Required...

Answered: 1 week ago

Question

★★★★★
Income statements for the most recent period for each product line are presented below: Product A Product B Product C Sales $3,000 $900 $480 -Variable manufacturing costs -2,100 - 700 - 300 -Variable...

Answered: 1 week ago

Question

★★★★★
Problem 6 What is the total cost of food issue requisition, given the following? Item Begin Inventory Unit Cost No. Units Issued Total Cost $39.95 1-5/6 Tomato Paste cs-6/#10 Canned Peaches cs-6/#10...

Answered: 1 week ago

Question

★★★★★
CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago

Question

★★★★★
1) The standard solution of today's search engines is based on certain indexing techniques. How would knowledge have to be structured according to the ideas of Vanevar Bush or Ted Nelson if their...

Answered: 1 week ago

Question

★★★★★
Imagine that a German investor is interested in investing in the U . S . bond market. The current 2 - year zero - coupon U . S . Treasury bond yield is about 5 . 7 % , while a similar bond issued by...

Answered: 1 week ago

Question

★★★★★
3. To understand that the first impression means a lot, and it takes a lot of energy to change this first impression.

Answered: 1 week ago

Question

★★★★★
Go, do not wait until I come

Answered: 1 week ago

Question

★★★★★
Make eye contact when talking and listening

Answered: 1 week ago

Previous Question Next Question