The Strawser$-$Morris Corporation uses a periodic inventory system and has used the FIFO cost method since inception of the company in $1985.$ In $2024,$ the company decided to change to the average cost method. Data for $2024$ are as follows:

Additional information:

The company's effective income tax rate is $25\%$ for all years.

If the company had used the average cost method prior to $2024,$ ending inventory for $2023$ would have been $$310,500.$

$8,900$ units remained in inventory at the end of $2024.$

Required:

Prepare the journal entry at the beginning of $2024$ to record the change in principle.

In the $2024-2022$ comparative financial statements, what will be the amounts of cost of goods sold and inventory reported for $2024?$