Business, 04.04.2020 01:32, joellianamikhai3123

Ayayai Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 102 $42 Mar. 14, 2022 Purchase 175 $44 May 1, 2022 Purchase 124 $46 The company sold 288 units at $59 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $1692, what is the company’s after-tax income using LIFO?

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Ayayai Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 202...