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Annalise Co. decided to switch from the FIFO method of costing inventories to the average cost method at the beginning of 2020. At December 31,

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Annalise Co. decided to switch from the FIFO method of costing inventories to the average cost method at the beginning of 2020. At December 31, 2019, Annalise s inventory using FIFO was $53,180. Annalise's inventory using average cost would have been $22,900. Annalise's tax rate is 21% What is the change to Inventory? Indicate the amount and whether Inventory would be debited (D) or Credited (C). Answer with the amount and either a Dor Cright beside the amount (no space. Example: if your answer is $1,000 debit, put 1,000D

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