Question: XYZ Company changed the inventory valuation method from the average method to the FIFO method. The company treats this change as... A. Changes in estimates

XYZ Company changed the inventory valuation method from the average method to the FIFO method. The company treats this change as... A. Changes in estimates and put into effect prospectively B. Changes in accounting policies and put into effect prospectively C. Changes in accounting policies and applied retrospectively D. Correction of errors and applied retrospectively

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