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Picture $11$

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Sarasota Co$.$ Decides at the ebeginning of $2025$ to adopt the FIFO method of inventory valuation. Sarsota had used the LIFO method for financial reporting since its inception on Jan $1,2023,$ and had maintained records adequate to apply the FIFO method retrospectively. Sarasota concluded that FIFO is the preferable inventory method becuase it reports the current cost of inventory on the balance sheet. The following table presents the effects of the change in accouting principles on inventory and cost of goods sold.

$\backslash$table$[[,,,,],[$Date$,$LIFO Method,FIFO Method,LIFO Method,FIFO Method$],[\frac{1}{1}\frac{?}{23},$$$0\mathrm{.}00,$$$0\mathrm{.}00,$$$0\mathrm{.}00,$$$0\mathrm{.}00$