Sunland 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:

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

$$1295000.$

$$1244000.$

$$1250000.$

$$1160000.$