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What is the company after-tax income using lifo

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Reference no: EM132027764

Question - Hogan Industries had the following inventory transactions occur during 2017:
Units Cost/unit

Feb. 1, 2017 Purchase 82$ 34

Mar. 14, 2017 Purchase 141 $36

May 1, 2017 Purchase 100 $37

The company sold 233 units at $48 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $1368, what is the company's after-tax income using LIFO? (Rounded to whole dollars).

$1107

$930

$1328

$1582

Reference no: EM132027764

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