Question: Estimate the CoGS for the year using the LIFO method given the information below 1 st quarter 1500 at $40 per each 2 nd quarter

Estimate the CoGS for the year using the LIFO method given the information below

1st quarter 1500 at $40 per each

2nd quarter 1900 at $41 per each

3rd quarter 2500 at $39 per each

4th quarter 3000 at $44 per each

Show your calculations

Sales: 7200 at $60 each

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