Question: how to solve with computations Energy, Inc began operations in 2018 using LIFO inventory methods. In 2019, management decided they should have chosen FIFO. The

how to solve with computations

Energy, Inc began operations in 2018 using LIFO inventory methods. In 2019, management decided they should have chosen FIFO. The beginning inventory for 2019 using LIFO was $128,000. Under the FIFO method, the beginning inventory would have been $151,000 The adjustment to inventory for the change in accounting principle for 2019 would be O A. $23,000 debit B. $46,000 debit C. $23,000 credit D. $0

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