Sheridan 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 Inventory 2017 2018 FIFO $630000 $ 635000 LIFO 510000 600000 Net Income (computed under the FIFO method) 910000 1260000 Based on the above information, a change to the LIFO method in 2018 would result in net income for 2018 of

Select one: a. $1,225,000 b. $1,140,000 c. $910,000 d. $1,260,000