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3. In Year 4, Alexa decided to change inventory methods from the weighted-average method to...

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Accounting

3. In Year 4, Alexa decided to change inventory methods from the weighted-average method to the FIFO method. Net income reported in Year 3 applying the weighted-average method was $133,000. If FIFO had been applied in Year 3, net income would have been $141,400.3. In Year 4, Alexa decided to change inventory methods from the weighted-average method to the FIFO method. Net income reported in Year 3 applying the weighted-average method was $133,000. If FIFO had been applied in Year 3, net income would have been $141,400.3. In Year 4, Alexa decided to change inventory methods from the weighted-average method to the FIFO method. Net income reported in Year 3 applying the weighted-average method was $133,000. If FIFO had been applied in Year 3, net income would have been $141,400.

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