Lanier Company began operations on January 1, 2017, 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 Invento 2018 2017 S320,000 $ 360,000 300,000 750,000 FIFO LIFO 240,000 Net Income (computed under the FIFO method) 500,000 Based upon the above information, a change to the LIFO method in 2018 would result in net income for 2018 of A) $690,000. B) $750,000. C) $770,000 D) $810,000