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Macintosh Inc. changed from LIFO to the FIFO Inventory costing method on January 1, 2018 Inventory values at the end of each year since the

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Macintosh Inc. changed from LIFO to the FIFO Inventory costing method on January 1, 2018 Inventory values at the end of each year since the inception of the company are as follows 2016 $2e4,eee $182,000 2817 488,808 364,880 Required: Ignoring income tax considerations, prepare the entry to report this accounting change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet Record the accounting change. Note: Enter debits before cr?dits Date General Journal Credit January 01, 2018

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