ABC Company began a new business on January $1,2013$ and made the following

purchases and sales during the year. What is COGS using FIFO, LIFO, and Weighted Average?

$1-1-13$

$700$ paintings @$$7$

$4-9-13$

$600$ paintings @$$8$

$6-14-13$

$600$ paintings @$$9$

$9-19-13$

$1500$ paintings @$$10$

$10-25-13$

$800$ paintings @$$11$

$12-30-13$

Sold $2000$ paintings