Suppose a company had the following inventory information:

Beginning Inventory: 90 units @ $4.00 cost per unit

Purchases: 180 units @ $7.00 cost per unit

If the company then sold 190 units, what would be the amount of COGS under LIFO?

$1,260

$1,620

$1,060

$1,300

If the company then sold 190 units, what would be the amount of COGS under the average cost method?

$360

$3,420

$1,140

$1,710

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