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What is the company after-tax income using fifo

    Assignment Instructions

    Assignment ID: FG132477423

    Oriole Company had the following inventory transactions occur during 2022:
    Units
    Cost/unit
    Feb. 1, 2022
    Purchase 101 $101
    Mar. 14, 2022
    Purchase 174  $105
    May 1, 2022
    Purchase  123  $110
    Question 1: The company sold 286 units at $141 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2800, what is the company’s after-tax income using FIFO?
     
     
    $6881.00
    $4816.70
    $7845.00
    $5491.50
     

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