Dole Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 92.0 $92.0 Mar. 14, 2017 Purchase 158.0 $96.0 May 1, 2017 Purchase 112.0 $100.0 The company sold 260.0 units at $129.0 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2550.0, what is the company’s after-tax income using FIFO? (rounded to whole dollars)
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