Blossom Company began operations on January 1, 2020, and uses the FIFO method in costing its raw material inventory. Management is contemplating a change to the LIFO method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed:

Final Inventory		2020		2021
FIFO		$660000		$ 592000
LIFO		470000		586000
Net Income (computed under the FIFO method)		870000		1250000

Based on the above information, a change to the LIFO method in 2021 would result in net income for 2021 of

a

$870000.

b

$1244000.

c

$1250000.

d

$1060000.