5 ) Emley Company has been using the LIFO method of inventory valuation for 10years , since it began operations . Its 2017 ending inventory was $50, 100 , but it wouldhave been $75 000 if FIFO had been used . Thus , if FIFO had been used , Emley'sincome before income taxes would have been$25 000 greater over the 10 - year period .b$25 000 less over the 10 - year period$25,000 greater in 2017$25000 less in 2017