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1) ABC Company began a new business on January 1, 2013 and made the following purchases and sales during the year. 1-1-13 500 paintings @$7

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1) ABC Company began a new business on January 1, 2013 and made the following purchases and sales during the year. 1-1-13 500 paintings @$7 4-9-13 200 paintings @$8 6-14-13 300 paintings @$9 9-19-13 1200 paintings @$10 10-25-13 400 paintings @$11 12-30-13 Sold 700 paintings What is the value of the ending inventory FIFO LIFO Weighted Ave

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