Question: A company changed its inventory from Weighted Average to the FIFO method for inventory. As a result, the beginning inventory was higher than it was

A company changed its inventory from Weighted Average to the FIFO

A company changed its inventory from Weighted Average to the FIFO method for inventory. As a result, the beginning inventory was higher than it was under the weighted average method by $6,000. Assuming a tax rate of 30%, record the accounting change. SHOW YOUR WORK Edit View Insert Format

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