13. Ventura Company began operations on January 1, 2017, and uses the FIFO method in costing its raw material inventory. Management is contemplating a change to the average cost method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed: Ending Inventory 12/31/2017 12/31/2018 FIFO $736,000 $920,000 Average Cost Method $552,000 $690,000 Net Income (under FIFO) $1,150,000 $1,380,000 Based on the above information, a change to the average cost method in 2018 would result in net income for 2018 of $1,150,000 $1,380,000 $1,334,000 $1,426,000