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please fast I have exam 2. During 2011, Jasim Company changed from FIFO to weighted average inventory pricing. Pre-tax income in 2010 and 2009 (Jasim's
please fast I have exam 2. During 2011, Jasim Company changed from FIFO to weighted average inventory pricing. Pre-tax income in 2010 and 2009 (Jasim's first year of operation) under FIFO was $160,000 and $180,000 respectively. Pre-tax income using weighted average pricing in the prior would have been, $145,000 in 2010 and $170,000 in 2009. In 2011, Jasim Company reported pre-tax income (using Weighted average Pricing) of $190,000. Show comparative income statement for Jasim company beginning with "income before income tax", as presented on the income statement. (The tax rate in all years is 30%)
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