Hogan Industries Had the Following Inventory Transactions Occur During 2022

question 143

Multiple Choice

Hogan Industries had the following inventory transactions occur during 2022: $$\begin{array} { r l l c } & & \text { Units } & \text { Cost/unit } \\\text { Feb. 1, 2022 } & \text { Purchase } & 108 & \$ 45 \\\text { Mar. 14,2022 } & \text { Purchase } & 186 & \$ 47 \\\text { May 1, } 2022 & \text { Purchase } & 132 & \$ 49\end{array}$$ The company sold 306 units at $63 each and has a tax rate of 30%.Assuming that a periodic inventory system is used what is the company's gross profit using LIFO? (rounded to whole dollars)

• A)$14646
• B)$14190
• C)$5088
• D)$4632

Understand the concept and significance of ecological corridors and habitat connectivity.

Understand the importance and methods of preserving endangered species.

Recognize the challenges and strategies in controlling invasive species.

Identify the major causes of habitat loss and biodiversity decline.

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Definitions:

Forward Differential Carrier

A component of a vehicle's differential system that holds the gears and allows for the distribution of power from the engine to the wheels, enabling them to rotate at different speeds.

Amboid Gearing

A type of gear configuration that allows for the conduction of power through non-parallel and non-intersecting shafts, typically found in certain differential designs.

Torque Proportional Differentials

Torque proportional differentials, also known as limited-slip differentials, are drivetrain components that distribute torque to the wheels, allowing them to rotate at different speeds while providing improved traction.

Truck OEM

Original Equipment Manufacturer specializing in the production and design of trucks, providing the initial equipment and parts.