Business, 19.11.2019 01:31 xxchloekai
In 2018, the barton and barton company changed its method of valuing inventory from the fifo method to the average cost method. at december 31, 2017, b & b’s inventories were $33.2 million (fifo). b & b’s records indicated that the inventories would have totaled $24.4 million at december 31, 2017, if determined on an average cost basis. ignoring income taxes, what journal entry will b & b use to record the adjustment in 2018?
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