Lauer Corporation uses the periodic inventory system and has provided the During the year. Lauer sold 750 laptop computers. What was ending inventory using the LIFO cost flow assumption? Income tax expense will be higher under FIFO than under LIFO. Net income will be higher under FIFO than under LIFO. Ending inventory will be lower under FIFO than under LIFO. Cost of goods sold will be lower under FIFO than under LIFO