Question: In year 2 , Rossman Corp. changed its inventory method from FIFO to the weighted - dverage method. The c year 2 of $ 1

In year 2, Rossman Corp. changed its inventory method from FIFO to the weighted-dverage method. The c year 2 of $10,000. What were the income statement effects of this change?
Net income in year 2 increased.
Earnings per share for year 1 increased.
Earnings per share for year 1 decreased.
Cost of goods sold in year 1 decressed.
In year 2 , Rossman Corp. changed its inventory

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