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HELP PLZ Ace Industries had the following inventory transactions occur during 2025: $4,186 Feb. 1, 2025 Mar. 14, 2025 May 1, 2025 The company sold
HELP PLZ
Ace Industries had the following inventory transactions occur during 2025: $4,186 Feb. 1, 2025 Mar. 14, 2025 May 1, 2025 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 net income using LIFO? (rounded to the nearest dollar) O $3,654 $5,404 O $5,220 Units 90 Purchase Purchase Purchase Cost/unit $90 $94 $98 155 110
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