Eneri Company’s inventory records show the following data:UnitsUnit CostInventoryJanuary 110,000$9.2 1 answer below »

Eneri Company’s inventory records show the following data:UnitsUnit CostInventoryJanuary 110,000$9.2 1 answer below »

Eneri Company’s inventory records show the following data:UnitsUnit CostInventoryJanuary 110,000$9.20Purchases:June 189,0008.00November 86,0007.00A 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 LIFO method, cost of goods sold is$178,000.$173,040.$28,000.$169,200.

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