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Dole Industries Had the Following Inventory Transactions Occur During 2022

Question 108

Multiple Choice

Dole Industries had the following inventory transactions occur during 2022: Dole Industries had the following inventory transactions occur during 2022: The company sold 255 units at $126 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) $24,410 B) $23,650 C) $8,480 D) $7,720 The company sold 255 units at $126 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) $24,410
B) $23,650
C) $8,480
D) $7,720

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