Eneri Company's inventory records show the following data:
A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. Under the FIFO method, the December 31 inventory is valued at
A) $28,000.
B) $32,267.
C) $32,960.
D) $36,800.
Correct Answer:
Verified
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