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Vaughn Manufacturing had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 110 $ 46 Mar. 14, 2022 Purchase 190 $
Vaughn Manufacturing had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 110 $ 46 Mar. 14, 2022 Purchase 190 $ 48 May 1, 2022 Purchase 135 $ 50 The company sold 312 units at $ 64 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $ 1836, what is the company's after-tax income using LIFO? O $ 3352.00 O $ 2020.20 O $ 2346.40 O $ 2886.00
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