Moving to another question will save this response. Question 18 During a period when inventory costs are steadily increasing, which of the following is true? Income taxes will be lower under FIFO than under LIFO. Ending inventory value will be lower under FIFO than under LIFO. Net income will be lower under FIFO than under LIFO. Cost of goods sold will be higher under LIFO than under FIFO. Moving to another question will save this response. DOLL I USA