Farmer brother 10-K filing for the fiscal year ended June 30, 2018. This 10-K was filed on September 13, 2018 (2018-09-13). During the fiscal year ended June 30, 2018, Farmer Brothers changed their method of inventory accounting from LIFO to FIFO. In Note 3, on pages 79 and 80 of the 10-K, the Company describes the impact of their decision to change their method of accounting for inventory. While Generally Accepted Principles of Accounting (GAAP) allow a company to change accounting methods, the company must satisfy certain carefully stipulated disclosure requirements. If a company changes from LIFO to FIFO as Farmer Brothers did, the company must restate financial statements from all previous years included in their 10-K to reflect the new FIFO method of accounting so that comparisons from year-to-year are consistent and not affected by an underlying change in the choice of the method of accounting. In the case of a change in inventory accounting from LIFO to FIFO, the company must increase (or decrease) the carrying value of the inventory account to reflect their new method of accounting and they must also make a corresponding adjustment to the opening balance of retained earnings.

1. For the fiscal year ended JUNE 30, 2017, by how much did the dollar value of inventory previously reported on June 30, 2017 under the LIFO method change as a result of change to FIFO?

2. Did the change result in an increase or a decrease in the book value of the inventory reported as of June 30, 2017?

The following table presents the impact of these changes on the Company's consolidated balance sheet at June 30, 2017: S $ Corrections of Freight, Overhead Variances and PPV's $ 43 $ 43 $ (17) $ 26 $ 26 $ $ A June 30, 2017 Preferable Freight and Warehousing (In thousands) As Previously Reported LIFO to FIFO Adjustment Adjustments Inventories $ 56,251 $ 19,675 $ 3,821 Total current assets $ 117,164 $ 19,675 $ 3,821 Deferred income taxes 63,055 (7,625) (1,480) Total assets $ 392,736 12,050 $ 2,341 Retained earnings $ 221,182 $ 13,444 $ 2,341 Accumulated other comprehensive loss $ (60,099) $ (1,394) $ Total stockholders' equity $ 215.135 $ 12,050 $ 2.341 Total liabilities and stockholders' equity $ 392,736 $ 12,050 $ 2,341 The following tables present the impact of these changes on the Company's consolidated statements of operations for the fiscal years ended June 30, 2017 and 2016: $ $ $ Retrospectively Adjusted 79,790 140,703 53,933 407,153 236,993 (61,493) 229,552 407,153 $ $ $ S $ 26 26 $ $ $ $ LIFO to FIFO Adjustment 1,739 (1,739) $ $ $ Corrections of Freight, Overhead Variances and PPV's $ 5,283 (5,283) $ (4,628) $ (4,628) $ A $ $ $ $ S As Previously Reported 327,765 213,735 157,198 171,569 42,166 40,354 15,954 24.400 1.46 Year Ended June 30, 2017 Preferable Freight and Warehousing Adjustments S 19,835 $ (19,835) $ (19,241) $ (19,241) $ (594) $ (594) $ (226) $ (368) $ (0.02) (In thousands, except per share data) Cost of goods sold Gross profit Selling expenses Operating expenses Income from operations Income before taxes Income tax expense Net income Net income available to common stockholders per common sharebasic Net income available to common stockholders per common share- diluted $ Retrospectively Adjusted 354,622 186,878 133,329 147,700 39,178 37,366 14,815 22,551 1.35 (655) S $ $ $ $ $ $ $ $ $ (1,739) (1,739) (663) (1,076) (0.07) $ $ $ $ (655) (250) (405) (0.02) $ $ $ $ $ $ $ $ 1.45 $ (0.07) $ (0.02) $ (0.02) $ 1.34 80 Farmer Bros. Co. Notes to consolidated Financial Statements (continued)