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Pharoah Company had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 134 $56 Mar. 14,2022 May 1, 2022 Purchase Purchase
Pharoah Company had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 134 $56 Mar. 14,2022 May 1, 2022 Purchase Purchase 231 $58 164 $61 The company sold 379 units at $78 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2232, what is the company's after-tax income using LIFO? $4856.00 $3901.80 $5574.00 $3399.20
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