Question: MC Qu . 0 7 State Materials, Incorporated changed from the... State Materials, Incorporated changed from the FIFO method of costing inventories to the weighted

MC Qu.07 State Materials, Incorporated changed from the...
State Materials, Incorporated changed from the FIFO method of costing inventories to the weighted average method during 2024. When reported in the 2024 comparative financial statements, the 2023 inventory amount will be:
Multiple Choice
decreased.
increased or decreased, depending on how prices changed during 2024.
increased.
unaffected.

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