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What is the company after-tax income using lifo

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Reference no: EM132643244

Sunland Company had the following inventory transactions occur during 2022:

                              Units        Cost/unit
Feb. 1, 2022 Purchase 104        $43

Mar. 14, 2022 Purchase 179       $45

May 1, 2022 Purchase 127         $47

Problem 1: The company sold 294 units at $60 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $1728, what is the company's after-tax income using LIFO?

a. $2007.60

b. $2428.00

c. $2868.00

d. $1699.60

Reference no: EM132643244

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