Sheridan Industries had the following inventory transactions occur during 2018:

		Units	Cost/unit
2/1/18	Purchase	40	$40
3/14/18	Purchase	90	$40
5/1/18	Purchase	60	$49

The company sold 120 units at $70 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the companys after-tax income using FIFO? (rounded to whole dollars)

$2419

$3690

$2583

$3060