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Lee Industries Had the Following Inventory Transactions Occur During 2010

question 63

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Lee Industries had the following inventory transactions occur during 2010: Lee Industries had the following inventory transactions occur during 2010:   The company sold 51 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 LIFO? (rounded to whole dollars)  A)  $772 B)  $848 C)  $594 D)  $540 The company sold 51 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 LIFO? (rounded to whole dollars)


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