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:
Auditory Convergence
A phenomenon in which sounds from different sources merge into a single perceived auditory event.
Refractory Threshold
The level of stimulus intensity or the period following a nerve impulse during which a nerve or muscle is unresponsive to further stimulation.
Fovea
A small depression in the retina of the eye where visual acuity is highest, due to the high density of cones (color-receiving cells).
Retina
The light-sensitive layer of tissue at the back of the eye, responsible for converting light into neural signals for vision.
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