Brief Exercise $9-13($Algo$)$ Change in inventory costing methods $[$LO$9-6]$

In $2024,$ Hopyard Lumber changed its inventory method from LIFO to FIFO. Inventory at the end of $2023$ of $$126,000$ would have been $$146,000$ if FIFO had been used. Inventory at the end of $2024$ is $$161,000$ using the new FIFO method but would have been $$152,000$ if the company had continued to use LIFO.

What is the effect of the change on $2024$ cost of goods sold?