Oriole Company began operations on January $1,2023$ 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 Inventory

FIFO

LIFO

Net Income $($computed under the FIFO method$)$

Based on the above information, a change to the LIFO method in $2024($ignore income tax considerations$)$ would result in net income for $2024$ of

$$1310000.$

$$1355000.$

$$1324000.$

$$1340000$