Business
Business, 23.07.2020 16:01, anabelleacunamu

Nidal Company reported inventory in the 2020 year-end balance sheet, using the FIFO method, as $185,000. In 2021, the company decided to change its inventory method to average cost. If the company had used the average cost method in 2020, ending inventory would have been $171,000. What adjustment would Nidal make for this change in inventory method

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Nidal Company reported inventory in the 2020 year-end balance sheet, using the FIFO method, as $185,...

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