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Novak Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 132 $ 55 Mar. 14, 2022 Purchase 227 $

Novak Corp. had the following inventory transactions occur during 2022:

Units

Cost/unit

Feb. 1, 2022

Purchase

132 $ 55

Mar. 14, 2022

Purchase

227 $ 57

May 1, 2022

Purchase

161 $ 60

The company sold 373 units at $ 77 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $ 2196, what is the companys after-tax income using FIFO?

$ 3840.20

$ 4781.00

$ 5486.00

$ 3346.70

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