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Splish Brothers Inc. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 130 $ 54 Mar. 14, 2022 Purchase 223
Splish Brothers Inc. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 130 $ 54 Mar. 14, 2022 Purchase 223 $ 56 May 1, 2022 Purchase 158 $ 59 The company sold 367 units at $ 76 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $ 2160, what is the company's after-tax income using FIFO? $ 3778.60 $ 5398.00 $ 4706.00 $ 3294.20
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