work Assment Saw Check Exercise 20-8 (Algo) Change in Inventory methods: FIFO method to the LIFO method LO20-3] Play Foods has always used the FIFO inventory costing method for both porting and tax purposes. At the beginning of 2021 Fay decided to change to the LIFO method As a result of the change, net income w 2001 was $82 million the company had used LFO in 2000. Es cost of goods sold would have been her by on that yet records of every purchases and are not available for 2013 and several previous years. Last year. Hay reported the following net come amounts in its compare Income statements Prepare the journal entry at the beginning of 2011 record the change income) 3. What amounts will lay report for net income in 2019-2021 compare comment Complete this question by catering your answers in the tabs below. Prepare the entry at the 2021 record the incidences Next > c . G 6 E R T P H B N M work Assment Saw Check Exercise 20-8 (Algo) Change in Inventory methods: FIFO method to the LIFO method LO20-3] Play Foods has always used the FIFO inventory costing method for both porting and tax purposes. At the beginning of 2021 Fay decided to change to the LIFO method As a result of the change, net income w 2001 was $82 million the company had used LFO in 2000. Es cost of goods sold would have been her by on that yet records of every purchases and are not available for 2013 and several previous years. Last year. Hay reported the following net come amounts in its compare Income statements Prepare the journal entry at the beginning of 2011 record the change income) 3. What amounts will lay report for net income in 2019-2021 compare comment Complete this question by catering your answers in the tabs below. Prepare the entry at the 2021 record the incidences Next > c . G 6 E R T P H B N M