Jacobi Co and Turner Ltd have the exact same inventory costs which are the following: Beginning Inventory: Units: 10, Cost per Unit: $5, Cost per Unit: $50 Purchase March 1st: Units: 11, Cost per Unit: $9, Cost per Unit: $99 Purchase July 1st Units: 5, Cost per Unit: $11, Cost per Unit: $55 If Jacobi Co uses FIFO and Turner Ltd uses LIFO to value inventory, which of the following is true? Jacobi Co will have lower Cost of Goods Sold and higher Net Income than Turner Ltd Jacobi Co will have lower Cost of Goods Sold and lower Ending Inventory than Turner Ltd Turner Ltd will have lower Cost of Goods Sold and higher Net Income than Jacobi Co Turner Ltd will have higher Cost of Goods Sold and higher Ending Inventory than Jacobi Co