Romanoff Industries had the following inventory transactions occur during 2022: 
The company sold 150 units at $70 each and has a tax rate of 30%.Assuming that a periodic inventory system is used, what is the company's after-tax income (rounded to whole dollars) using FIFO?
Definitions:
Sporophyte
The diploid multicellular stage in the life cycle of a plant or alga that produces spores through meiosis.
Gametophyte
The sexual phase in the life cycle of plants and algae that produces gametes, or sex cells, by mitosis.
Alternation of Generations
A reproductive cycle of certain plants and algae that alternates between a sexual phase (gametophyte) and an asexual phase (sporophyte).
Sporophyte
The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.
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