If the company uses LIFO, how much higher or lower would net income before taxes be if it had used FIFO or a similar method instead?

Content The method helps businesses lower their federal tax bill by inflating costs Criticism of LIFO The Bottom Line is That LIFO Lowers Taxes and Aids in Bringing Revenue in Line With Costs RFID Tags on Metal: Everything You Need to Know Inflation Puts Spotlight on Companies’ Use of Last-In, First-Out Accounting Should You Use…