Question: please help The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year ending

please help

The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year ending inventory is $375,000. If the FIFO method of inventory had been used, the inventory would be $450,000, If Wheat Company had used the FIFO inventory method, pre-tox income would have been: Muttiple Chosce $75 coo higher over the 15 yeas penod $75,000 higher in the current year $75000 lowes in the current year. $75,000 lower over the 15 year period

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