Planer Co. Is evaluating the appropriate accounting for the following items. Identity whether each of the items below is a change in accounting principle, a change in estimate, or an error. Management has decided to switch from the FIFO inventory valuation method to the LIFO inventory valuation method for all inventories._________ When the year-end physical inventory adjustment was made for the current year, the controller discovered that the prior years physcal inventory sheets for an entire warehouse were mislaid and excluded from last year's count.________ Palmer s Custom Division manufactures large scale, custom-designed machinery on a contract basis. Management decided to switch from the completed-contract method to the percentage-of completion method of accounting for long-term contracts._______ by accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor