Attempt Sheffield Industries had the following inventory transactions occur during 2020 Units 2 1 20...
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Attempt Sheffield Industries had the following inventory transactions occur during 2020 Units 2 1 20 Purchase 54 3 14 20 Purchase 95 5 1 20 Purchase 65 O 3576 O 3739 5960 O 6194 Cost unit 43 40 40 The company sold 149 units at 80 each and has a tax rate of 40 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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