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Multiple Choice Question 98 Sunland Industries had the following inventory transactions occur during 2020: Units 59 2/1/20 3/14/20 5/1/20 Purchase Purchase Purchase Cost/unit $42 $40

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Multiple Choice Question 98 Sunland Industries had the following inventory transactions occur during 2020: Units 59 2/1/20 3/14/20 5/1/20 Purchase Purchase Purchase Cost/unit $42 $40 $40 91 61 The company sold 159 units at $60 each and has a tax rate of 40%. Assuming that a periodic inventory system is used, what is the company's after-tax income using LIFO? (rounded to whole dollars) O $2071 O $3414 O $1908 O $3180 Click if you would like to Show Work for this question: Open Show Work

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