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Coffey Industries had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 90 $90 Mar. 14, 2022 Purchase 155 $94 May

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Coffey Industries had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 90 $90 Mar. 14, 2022 Purchase 155 $94 May 1, 2022 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) Select one: a. $5,220 b. $5,404 c. $4,186 O d. $3,654

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