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Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses from month to month as per the data below:
Units Total Shipping Month Shipped Expense
January 4 $2,240
February 4 $3,140
March 5 $2,650
April 2 $1,296
May 3 $2,220
June 6 $3,060
July 8 $4,416
Question1: Which two months should be used if Phillips wants to estimate the behaviour of shipping expenses using the high-low method?
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