[Solved] On January 1 , 2 0 2 2 , Bryce Inc. chang

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On January 1 , 2 0 2 2 , Bryce Inc. changed from the LIFO method of inventory pricing to the FIFO method. Explain how

On January

1, 2022,

Bryce Inc. changed from the LIFO method of inventory pricing to the FIFO method. Explain how this change in

accounting principle should be treated in the company's financial statements.

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