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Lego Company has used the FIFO method since it began ogerations im 2013 Lego changed to the weighted average mothod in 2016. The change was
Lego Company has used the FIFO method since it began ogerations im 2013 Lego changed to the weighted average mothod in 2016. The change was ustrfed in its 2016 fnancial statements, Lego included comparative statements for 2015 and 2014 The tollowing are the year end inventory balances under the FIFO and weighted average methods Question 13 Not yer answered Points out of 300 Year 2013 2014 2015 Weighted Average F Flag question 90,000 $156,000 150,000 By what amount should cost of sales be retrospectively adjusted for the year ended December 31, 2015? Select one a $30,000 decrease Ob S2,000 increase O c $14,000 increase d. $16,000 increase e $16,000 decrease
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