A company reported inventory in the 2 0 2 3 year - end balance sheet, using the
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Question:
A company reported inventory in the yearend balance sheet, using the average cost method, as $ In the company decided to change its inventory method to FIFO. If the company had used the FIFO method in ending inventory would have been $ What adjustment would the company make for this change in inventory method?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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