$,$ which statement is TRUE regarding the FIFO inventory cost method compared to LIFO?

Question $1$Select one:

a$.$

LIFO net income will be higher than FIFO

b$.$

LIFO cash flow will be greater than FIFO $($ignoring the effect of income taxes$)$

c$.$

LIFO ending inventory will be lower than FIFO

d$.$

LIFO ending inventory will be greater than FIFO

e$.$

LIFO ending inventory will be the same as FIFO