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112.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

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112.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, income before income taxes would have been A. $75,000 higher over the 15 year period. B. $75,000 lower over the 15 year period. C. $75,000 higher in the current year. D. $75,000 lower in the current year

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