Dole Industries Had the Following Inventory Transactions Occur During 2017

Multiple Choice

Dole Industries had the following inventory transactions occur during 2017: $\begin{array}{lllll}&&\text { Units } & \text { Cost/unit } \\\text { Feb. 1.2017 } & \text { Purchase } & 90 & \$ 90 \\\text { Mar. 14.2017 } & \text { Purchase } & 155 & \$ 94 \\\text { Mav 1.2017 } & \text { Purchase } & 110 & \$ 98\end{array}$ The company sold 255 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2,500, what is the company's after-tax income using LIFO? (rounded to whole dollars)

A) $5,220
B) $5,404
C) $4,186
D) $3,654