The company changed its inventory method to fifo from weighted-average, which had been used in prior years.

The Fifo method of stock Pricing is more efficient because it show the current market which do give room to rigor of determining unrealized profits.

Explanation:The First in,First out method has proven to be an effective method by revealing the actual cost of the material and represent the historical cost.The use of this system helps to avoid waste by issuing old stocks first.Its also a good representation of a sound storekeeping practice which increases profits during inflation.

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