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Lee Industries Had the Following Inventory Transactions Occur During 2014

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Lee Industries had the following inventory transactions occur during 2014: Lee Industries had the following inventory transactions occur during 2014:   The company sold 204 units at $63 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 FIFO? (rounded to whole dollars)  A)  $3,088 B)  $3,392 C)  $2,374 D)  $2,160 The company sold 204 units at $63 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 FIFO? (rounded to whole dollars)


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