Maness Company made a change in accounting for its inventories during the third quarter of its fiscal

Question:

Maness Company made a change in accounting for its inventories during the third quarter of its fiscal year. The company switched from the LIFO method to the average cost method. Describe the reporting of this accounting change on prior interim and on third-quarter
interim Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...