=+1. In each space below, place the correct sign [less than ( )-, or equal (=)] for

=+1. In each space below, place the correct sign [less than (<), greater than (>)-, or equal (=)] for each comparison, assuming periods ofrising prices.

a. Fifo inventory _ Lifo inventory

b. Fifo cost of goods sold _ Lifo cost of goods sold

c. Fifo net income _ Lifo net income

d. Fifo income tax _ Lifo income tax