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Hogan Industries Had the Following Inventory Transactions Occur During 2022

Question 115

Multiple Choice

Hogan Industries had the following inventory transactions occur during 2022: Hogan Industries had the following inventory transactions occur during 2022: The company sold 306 units at $63 each and has a tax rate of 30%.Assuming that a periodic inventory system is used, and operating expenses of $1,800, what is the company's after-tax income using LIFO? (rounded to whole dollars) A) $2,832 B) $3,288 C) $2,302 D) $1,982 The company sold 306 units at $63 each and has a tax rate of 30%.Assuming that a periodic inventory system is used, and operating expenses of $1,800, what is the company's after-tax income using LIFO? (rounded to whole dollars)


A) $2,832
B) $3,288
C) $2,302
D) $1,982

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