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Dole Industries Had the Following Inventory Transactions Occur During 2014

question 189

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Dole Industries had the following inventory transactions occur during 2014: Dole Industries had the following inventory transactions occur during 2014:   The company sold 204 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2,000, what is the company's after-tax income using LIFO? (rounded to whole dollars)  A)  $4,176 B)  $4,323 C)  $3,349 D)  $2,923 The company sold 204 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2,000, what is the company's after-tax income using LIFO? (rounded to whole dollars)


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