Brief Exercise 9-13 Change in inventory costing methods [LO9-6] In 2018, Hopyard Lumber changed its inventory method from LIFO to FIFO. Inventory at the end of 2017 of $113,000 would have been $130,000 if FIFO had been used. Inventory at the end of 2018 is $140,000 using the new FIFO method but would have been $138,000 if the company had continued to use LIFO What is the effect of the change on 2018 cost of goods sold? 2018 cost of goods sold is