Crane Company began operation, on January $1,2020,$ and uses the FIFO method in costing its raw material inventory. Managem 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:

$\backslash$table$[[$Final Inventory,$2020,2021],[$FIFO$,$$$375000,$$$415000$