How do costs flow from the merchandise inventory account to the cost of goods sold account using Fifo and Lifo?

This is a graded discussion: 5 points possible due Oct 12 Discussion Chapter 5 - Inventory Costing Methods A 26 26 Question: How do costs flow from the merchandise inventory account to the cost of goods sold account using FIFO and LIFO? . To engage in this discussion: Begin your own thread by clicking on the "Reply" button beneath these instructions Review existing threads and join the conversation by clicking on the "Reply" button beneath your colleagues' posts "Like" any comments you find particularly interesting or helpful Maintaining appropriate netiquette is crucial to ensuring that the discussion forum offers a rich learning experience. Please be sure to follow our course participation norms. Original discussion posts are due by Monday, 11:59 pm, two follow-up comments to at least two other students due by Wednesday 11:59. Discussions will be suaded using the following rubric 0