Cost of goods sold, fifo, and lifo kramer began operations early in

Cost of Goods Sold, FIFO, and LIFO
Kramer began operations early in 2016 and made the following purchases:
February 5
200
$5
June 10
500
6
October 4
300
7
Kramer used the FIFO method to value its inventory and reported cost of goods sold expense for the year of $4,000.
Required:
Determine the cost of goods sold expense assuming Kramer had used the LIFO method instead of the FIFO method.