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Question 19 In 2022, Maria Corporation changed its method of inventory pricing from LIFO to FIFO. Net income computed on a LIFO as compared to
Question 19 In 2022, Maria Corporation changed its method of inventory pricing from LIFO to FIFO. Net income computed on a LIFO as compared to a FIFO basis for the four years involved is: (Ignore income taxes.) LIFO FIFO 2019 $79,800 $87,600 2020 84,700 88,500 2021 86,800 2022 92,300 92,800 90,500 (a) Indicate the net income that would be shown on comparative financial statements issued at 12/31/22 for each of the four years, assuming that the company changed to the FIFO method in 2022. Net Income 2019 2020 $ 2021 2022 $
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