Business, 10.03.2020 00:33, emilypzamora11

In year 2, Sammi Corp. changes its inventory method from FIFO to the weighted-average method. Under the weighted-average method, the year 2 beginning inventory is $3,000 higher than the FIFO method. The financial statements are revised using the retrospective approach. What are the financial statement effects of the change in accounting principle? (Select all that apply.)

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In year 2, Sammi Corp. changes its inventory method from FIFO to the weighted-average method. Under...