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Compute the difference between the pretax income and the ending inventory amounts for the two cases Givoly Inc. uses a periodic inventory system. At the

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Compute the difference between the pretax income and the ending inventory amounts for the two casesimage text in transcribed

Givoly Inc. uses a periodic inventory system. At the end of the annual accounting period, December year, the accounting records provided the following information for product 2: Units 6, Bee Unit Cost $8 Inventory, December 31, prior year For the current year: Purchase, March 5 Purchase, September 19 Sale ($30 each) Sale ($32 each) Operating expenses (excluding income tax expense) NO 18,800 9,800 8,888 15,800 $398,00 Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending inventory

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