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  3. sheffield industries had the following inventory t

Sheffield Industries had the following inventory transactions occur during 2018: Cost/unit $44 2/1/18 Purchase 3/14/18...

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Accounting

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Sheffield Industries had the following inventory transactions occur during 2018: Cost/unit $44 2/1/18 Purchase 3/14/18 Purchase 5/1/18 Purchase Units 53 88 70 $44 $50 The company sold 153 units at $60 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 FIFO?(rounded to whole dollars) $2028 O $2376 O $1499 O $1663

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