Dimitri Co. is engaged in a number of Research and Development projects: PROJECT ALPHA A project to develop a new process which will save time in the production of widget. This project was started on 1st January 2018 and met the capitalization criteria on 31st August 2018 PROJECT BETA A project to investigate the properties of a chemical compound PROJECT CHARLIE A development project which was completed on 30th June 2018. Related cots in the Statement of Financial Position at the start of the year were $290000. Production and sells of the new product commenced on 1st September and are expected to last 36 months Costs for the year ended 31st December 2018 are as follows: $ Project A 34000 Project B