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During 20x3, Pryor Company changed its inventory method from the LIFO to FIFO. The beginning inventory under FIFO is $20.000 higher than under LIFO. Prepare

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During 20x3, Pryor Company changed its inventory method from the LIFO to FIFO. The beginning inventory under FIFO is $20.000 higher than under LIFO. Prepare the journal entry to record this accounting change. Ignore income tax

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