Energy, Inc began operations in $2022$ using LIFO inventory methods. In$2023,$ management decided they should have chosen FIFO. The beginning inventory for $2023$ using LIFO was

$ $137$ comma $000$$$137,000.$

Under the FIFO$$ method, the beginning inventory would have been

$ $148$ comma $000$$$148,000.$

The adjustment to inventory for the change in accounting principle for $2023$ would be$\_\_\_\_\_\_\_\_.$

Question content area bottom

Part $1$

A$.$

$ $11$ comma $000$$$11,000$

credit

B$.$

$ $22$ comma $000$$$22,000$

debit

C$.$

$$$$0$

D$.$

$ $11$ comma $000$$$11,000$

debit