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LIFO Splish Brothers Inc had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1.2022 Purchase 130 $54 Mar. 14, 2022 Purchase 223 $56

LIFO

Splish Brothers Inc had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1.2022 Purchase 130 $54 Mar. 14, 2022 Purchase 223 $56 May 1.2022 Purchase 158 $59 The company sold 367 units at $76 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2160, what is the company's after-tax income using LIFO? O $5398.00 $3294,20 O $3778,60 $4706.00

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