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Nash's Trading Post, LLC had the following inventory transactions occur during 2017: Units Cost/unit Feb....

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Accounting

Nash's Trading Post, LLC had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 80 $33 Mar. 14, 2017 Purchase 138 $35 May 1, 2017 Purchase 98 $36 The company sold 226 units at $47 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $1332, what is the companys after-tax income using FIFO? (rounded to whole dollars)

$1072

$1282

$1532

$897

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