Hogan Industries had the following inventory transactions occur during 2022: 
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 $1,800, what is the company's after-tax income using LIFO? (rounded to whole dollars)
Definitions:
Training
The process of enhancing the skills, capabilities, and knowledge of employees for the effective execution of their responsibilities.
Managerial Competence
The combination of skills, knowledge, and ability that enables a manager to effectively perform their duties and lead their team or organization.
Social Standing
The perceived rank or status of an individual or group within a social hierarchy.
Max Weber
A German sociologist, philosopher, and political economist, known for his theory on the structuring of society and for his ideas on bureaucracy.
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