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What is the company after-tax income using fifo

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Reference no: EM132477423

Oriole Company had the following inventory transactions occur during 2022:

Units

Cost/unit

Feb. 1, 2022

Purchase 101 $101

Mar. 14, 2022

Purchase 174  $105

May 1, 2022

Purchase  123  $110

Question 1: The company sold 286 units at $141 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2800, what is the company's after-tax income using FIFO?

 

 

$6881.00

$4816.70

$7845.00

$5491.50

 

Reference no: EM132477423

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