Business, 29.10.2019 05:31, whathelppp

Tamarisk, inc. had the following inventory transactions occur during 2017: units cost/unit feb. 1, 2017 purchase 94 $94 mar. 14, 2017 purchase 161 $98 may 1, 2017 purchase 114 $102 the company sold 265 units at $131 each and has a tax rate of 30%. assuming that a periodic inventory system is used, and operating expenses of $2600, what is the company’s after-tax income using lifo?
a. $4012
b. $3982
c. $5689
d. $5732

Answers: 1

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Tamarisk, inc. had the following inventory transactions occur during 2017: units cost/unit feb. 1,...