Compute the value of the ending inventory by applying the lower-of-cost-or-NRV. Show your work. Question 3: The management of Svetlana Corp. is considering the effects of inventory-costing methods on its financial statements and its income tax expense. Assuming that the price the company pays for inventory is increasing, which method will: a. Provide the highest net income, LIFO or FIFO? b. Provide the highest ending inventory, LIFO or FIFO? c. Result in the lowest income tax expense, LIFO or FIFO