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Dole Industries Had the Following Inventory Transactions Occur During 2022

Question 22

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, 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 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

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