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Can someone pleaee help? Whispering Company began operations in 2023 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2025 , in accordance with
Can someone pleaee help?
Whispering Company began operations in 2023 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2025 , in accordance with other companies in its industry, Whispering changed its inventory pricing to FIFO. The pretax income data is reported below. (a) What is Whispering's net income in 2025? Assume a 35% tax rate in all years. Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing. Net effect \$ Step by Step Solution
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