service fist before everythg. Problem/Question #10 - Fifo/LiFo - Net Income versus Taxes (5 points) If costs are increasing, the amount of taxes a company will pay will be different depending upon whether they use the Fifo of the LiFo Inventory Costing System. Required: Circle the correct answer A. If the company wants to pay the least amount of taxes, they should use the Fifo Inventory Costing System B. If the company wants to pay the least amount of taxes, they should use the LiFo Inventory Costing System C. To show the most Net Income and pay the least amount of taxes, they should use Fifo for calculating Net Income and use LiFo for calculating Taxes D. To show the most Net Income and pay the least amount of taxes, they should use LiFo for calculating Net Income and use FiFo for calculating Taxes 9