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Macintosh inc. changed from LIFO to the FIFO Inventory costing method on January 2021 Inventory values at the end of each year since the inception
Macintosh inc. changed from LIFO to the FIFO Inventory costing method on January 2021 Inventory values at the end of each year since the inception of the company are as follows ETRO LERO 2019 5192,000 $170.000 2020 35,000 Required: Ignoring Income tax considerations, prepare the entry to report this accounting change of no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
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