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What is the company after-tax income using LIFO

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Question - Hogan Industries had the following inventory transactions occur during 2017:

Units Cost/unit

Feb. 1, 2017 Purchase 108 $45

Mar. 14, 2017 Purchase 186 $47

May 1, 2017 Purchase 132 $49

Required - The Company sold 306 units at $63 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $1800, what is the company's after-tax income using LIFO?

$1982

$2832

$3288

$2302

Reference no: EM132441543

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