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Business, 31.10.2019 04:31 pulpfree8057

Romanoff industries had the following inventory transactions occur during 2015: units cost/unit 2/1/15 purchase 54 $45 3/14/15 purchase 93 $47 5/1/15 purchase 66 $49 the company sold 150 units at $70 each and has a tax rate of 30%. assuming that a periodic inventory system is used, what is the company’s after-tax income using lifo? (rounded to whole dollars)

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