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Please help, thanks Required information [The following information applies to the questions displayed below.] Shown below are net income amounts as they would be determined

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Please help, thanks

Required information [The following information applies to the questions displayed below.] Shown below are net income amounts as they would be determined by Roberti Steel Company by each of three different inventory costing methods ( $ in thousands). Required: 1. Assume that Roberti used FIFO before 2024, and then in 2024 decided to switch to average cost. Prepare the journal entry to ecord the change in accounting principle. (Ignore income tax effects.) Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers n thousands (i.e., 10,000 should be entered as 10)

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