End inventory = Beg inventory + Inventory purchases – COGS –Inventory

write-downs
There is a LIFO liquidation when a company sells more units of inventory than it
buys and as a result has to sell old inventory layers, valued at a lower price.
COGS FIFO = COGS LIFO –change in LIFO reserve
Change in LIFO Reserve = COGS LIFO – COGS FIFO
LIFO-FIFO conversion :

Beginning Inventory Under LIFO + Purchases Of Inventory – COGS under LIFO =

Ending Inventory Under LIFO.
Purchases Of Inventory = Ending Inventory Under LIFO + COGS under LIFO -
Beginning Inventory Under LIFO

Beginning Inventory Under FIFO + Purchases Of Inventory – COGS under FIFO =

Ending Inventory Under FIFO.
Purchases Of Inventory = Ending Inventory Under LIFO + COGS under FIFO -
Beginning Inventory Under FIFO

COGS Under FIFO = COGS Under LIFO - Change in LIFO Reserve.

Change in LIFO Reserve = Ending LIFO Reserve - Beginning LIFO Reserve
Ending inventory LIFO = Ending inventory FIFO – Ending LIFO reserve

change in LIFO reserve = COGS LIFO – COGS FIFO

COGS FIFO = COGS LIFO – Change in LIFO reserve