Instructions

In $2020,$ Frost Company, which began operations in $2018,$ decided to change from LIFO to FIFO because management believed that FIFO better represented the flow of their inventory. Management prepared the following analysis showing the effect of this change:

$\backslash$table$[[$Ending Inventory,LIFO,FIFO,Cumulative Difference$],[\frac{12}{31}\frac{?}{2018},$$$238,700,$$$270,100,$$$31,400$