The controller of Sagehen Enterprises believes that the companyshould switch fro

The controller of Sagehen Enterprises believes that the companyshould switch from the LIFO method to the FIFO method. Thecontrollers bonus is based on the next income. It is thecontrollers belief that the switch in inventory methods wouldincrease the net income of the company. What are the differencesbetween the LIFO and FIFO methods?