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ee Industries had the following inventory transactions occur during 2017: UnitsCost/unit 2/1/17 Purchase90 $453/14/17 Purchase155 $475/1/17 Purchase110 $49 The company sold 255 units at $63
ee Industries had the following inventory transactions occur during 2017:
UnitsCost/unit2/1/17
Purchase90
$453/14/17
Purchase155
$475/1/17
Purchase110
$49
The company sold 255 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)
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