Question: [ LIFO Reserve. ] How to covert COGS under LIFO to COGS under FIFO? a . Add the change in the LIFO reserve to COGS

[LIFO Reserve.] How to covert COGS under LIFO to COGS under FIFO?
a. Add the change in the LIFO reserve to COGS under LIFO to yield COGS under FIFO.
b. Deduct the change in the LIFO reserve from COGS under LIFO to yield COGS under FIFO.
c. Neither of the above.

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