In $2024,$ Adonis Industries changed its method of valuing inventory from the average cost method to the FIFO method. At December $31,2023,$ Adonis's inventories were $$48\mathrm{.}4$ million $($average cost$).$ Adonis's records indicated that the inventories would have totaled $$65\mathrm{.}6$ million at December $31,2023,$ if determined on a FIFO basis.

Ignoring income taxes, what journal entry will Adonis use to record the adjustment in $2024?$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

Journal entry worksheet

$1$

Record the change in inventory methods.

Note: Enter debits before credits.

$\backslash$table$[[$Event$,$General Journal,Debit,Credit$],[1,,,]]$