Question: Ditech Computers sold 110 computer monitors on December 15 for $1,500 each. The following is their inventory record for the period: Quantity 100 Unit Cost

 Ditech Computers sold 110 computer monitors on December 15" for $1,500

Ditech Computers sold 110 computer monitors on December 15" for $1,500 each. The following is their inventory record for the period: Quantity 100 Unit Cost $800 Total Cost $80,000 Purchase Date Beginning Inventory August 1 Total $950 120 220 $114.000 $194,000 The company's tax rate is 30% and operating expenses are $30,000 for the period. Calculate Net Income (after taxes) under each of the following inventory methods: Problem Hali FIFO Problem 21h): LIFO

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