In 2024, Hopyard Lumber changed its inventory method from LIFO to FIFO. Inventory at the end of 2023 of $127,000 would have been $145,000 if FIFO had been used. Inventory at the end of 2024 is $163,000 using the new FIFO method but would have been $148,000 if the company had continued to use LIFO. What is the effect of the change on 2024 cost of goods sold? 2024 cost of goods sold is