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Dole Industries had the following inventory transactions occur during 201X: Units Cost/unit Feb. 1, 201X Purchase 54 units............. $45 Mar. 14, 201X Purchase 93 units.............
Dole Industries had the following inventory transactions occur during 201X: Units Cost/unit Feb. 1, 201X Purchase 54 units............. $45 Mar. 14, 201X Purchase 93 units............. $47 May 1, 201X Purchase 66 units............. $49 The company sold 153 units at $63 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's after-tax income using FIFO? (rounded to whole dollars)
Question 31 options:
$1,781 | |
$2,544 | |
$1,620 | |
$2,316 |
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