La Casita Restaurants changed from the FIFO method of inventory costing to the weighted average method during 2018. When reported in the 2018 comparative financial statements, the 2017 inventory amount will be:

Multiple Choice

• Increased.

• Decreased.

• Increased or decreased, depending on how prices changed.

• Unaffected.

Retrospective restatement usually is not used for a:

Multiple Choice

• Change in accounting estimate.

• Change in accounting principle.

• Change in entity.

• Correction of error.