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P 16-4 The Rockwell Coerpany unes a jeriodio inventiory system and has mod the RFFO cost method sinet inception of Change in inventory methods. the
P 16-4 The Rockwell Coerpany unes a jeriodio inventiory system and has mod the RFFO cost method sinet inception of Change in inventory methods. the company in 1974. In 2022 , the compary deoided to switch to the welighed weraze cost method. Drita for O J0 LO6-2 2022 are an follow: Befinning inventory. FIFO (5,000 uevits 8$30.00) 5150,000 Parchases: Additional information: a. The conpary/t effective incone tax raie is 205 for all year.. $130,000. e 7,000 mits recentiond in imveritory at the oud of 2022 . Required: 1. Pieyere the jountal entry as the bekinuing of 2022 to recort the chase in policy. for 202
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