Romanoff Industries had the following inventory transactions occur during 2018: 
The company sold 150 units at $70 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's after-tax income using LIFO? (rounded to whole dollars)
Definitions:
Cultural Environment
The collective beliefs, customs, behaviors, and artifacts that constitute the societal context in which individuals live, work, and interact.
Social Behavior
Actions and reactions of individuals in response to the behaviors or presence of others in a social context.
Rejection
The act of dismissing or refusing someone or something, often leading to psychological effects such as feelings of inadequacy or sadness.
Aggression
Aggression is behavior aimed at causing harm or pain to others, which can be physical or verbal, and motivated by various factors including anger, frustration, or social dominance.
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