6. Assume that a firm separately determined inventory under FIFO and LIFO and then compared the results. a. In each space that follows, place the correct sign [less than (<), greater than (>), or equal (=)] for each comparison, assuming periods of rising prices. i. FIFO Inventory ________ LIFO Inventory ii. FIFO Cost of Goods Sold ________ LIFO Cost of Goods Sold iii. FIFO Net Income ________ LIFO Net Income iv. FIFO Income Taxes ________ LIFO Income Taxes b. Would management prefer to use LIFO over FIFO in periods of rising prices? Why