Amazon Company began operations on January $1,2010,$ and uses the Average Cost Method of pricing inventory.

Management is contemplating a change to the FIFO inventory method for $2013.$ The following information is

available for the years $2010-2012.$ Assume a tax rate of $40\%.($Based on E$22-2)$

Record the $2013$ Journal entry necessary to record the change $($Use the grid below & round to the nearest whole

dollar$)$

Journal Entry

DR

CR