Macintosh Inc. changed from LIFO to the FIFO inventory costing method on January 1, 2013.
Inventory values at the end of each year since the inception of the company are as follows: 
Required:
Ignoring income tax considerations, prepare the entry to report this accounting change.
Definitions:
Legal Code
A set of laws adopted by a state or country as a body of rules that are enforceable by law enforcement and judicial authorities.
Sugar Industry
A sector of the economy focused on the production, processing, and distribution of sugar from sugar cane or sugar beets.
Lesser Antilles
A group of islands in the Caribbean Sea, part of the West Indies, divided into the Leeward Islands and the Windward Islands.
Control
The power to influence or direct people's behavior or the course of events.
Q9: Prior to 2013, Trapper John Inc. used
Q41: On January 1, 2013, D Corp. granted
Q43: Cal Cookie Company (CCC) has 100 million
Q43: Refer to Figure 1.4.Which of the curves
Q56: The declaration and issuance of a stock
Q57: Why is the statement of cash flows
Q68: Among the liabilities of commercial banks are
Q88: Zeba Company granted 27 million of its
Q105: Money is anything that generally is accepted
Q125: On December 31, 2012, Beta Company had