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Wildhorse Co. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 97 $97 Mar. 14, 2022 Purchase 167 $102 May
Wildhorse Co. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 97 $97 Mar. 14, 2022 Purchase 167 $102 May 1, 2022 Purchase 119 $106 The company sold 275 units at $136 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2700, what is the company's after-tax income using FIFO? $6174.00 $7091.00 $4963.70 O $4321.80
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