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Sunland Company had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 104 $43 Mar. 14, 2022 Purchase 179 $45 May
Sunland Company had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 104 $43 Mar. 14, 2022 Purchase 179 $45 May 1, 2022 Purchase 127 $47 The company sold 294 units at $60 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $1728, what is the companys after-tax income using LIFO?
$2868.00
$2428.00
$2007.60
$1699.60
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