Bloomsburg Corporation, a calendar year taxpayer, sells computer monitors through big box stores. It manufactures some of the computer monitors and imports some from unrelated foreign producers. For tax year 2017, Bloomsburg's records reveal the following information:

Bloomsburg also has selling and marketing expenses of $340,000 and administrative expenses of $89,000. Bloomsburg's records do not identify its CGS (as between manufactured and imported monitors) but reflect an unallocated amount of $600,000. Further assume that Bloomsburg is qualified to (and does) use the small business simplified method of allocating CGS and other expenses. Determine Bloomsburg's QPAI and DPAD.
In your computations, round division to three decimal places. Round the final answers to the nearest dollar.
a. Bloomsburg's QPAI is $.
b. Bloomsburg's DPAD is $.

Transcribed Image Text:

Monitors Sold Manufactured Imported Gross receipts S1,450,000 $900,000