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Question 18 2 points Save Answer Dole Industries had the following inventory transactions occur during 2014: Feb. 1, 2014 Mar. 14, 2014 May 1, 2014
Question 18 2 points Save Answer Dole Industries had the following inventory transactions occur during 2014: Feb. 1, 2014 Mar. 14, 2014 May 1, 2014 Purchase Purchase Purchase Units 72 124 Cost/unit $90 $94 $100 88 The company sold 204 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2,000, what is the company's after-tax income using LIFO?(rounded to whole dollars) $4,323 $2,800 $2,923 $4,176
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