The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year ending inventory is $375,000. If the FIFO method of inventory had been used, the inventory would be $450,000. If Wheat Company had used the FIFO inventory method, income before income taxes would have been.

A, $75,000 higher over the 15 year period 

B. $75.000 lower over the 15 year period. 

c. $75,000 higher in the current year. 

D. $75,000 lower in the current year.