1 2 3 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 100 units at $60 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 150-unit purchase at $68 per 4 unit; the second was a 200-unit purchase at $72 per unit. During the period, it sold 270 chairs. 5 6 Required 7 al. Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. 8 9 (Use the cells from the given information to complete this question.) 10 Cost of Goods Sold 11 FIFO Units Unit Cost 12 13 14 A B D E F G a2. Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO. 4 (Use the cells from the given information to complete this question.) FIFO Units Unit Cost Ending Inventory @ b1. Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO. (Use the cells from the given information to complete this question.) Cost of Goods Graded Worksheet + 55 36 b2. Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses LIFO 37 38 (Use the cells from the given information to complete this question.) 39 Ending 40 LIFO Units Unit Cost Inventory 41 42 43 Total ending inventory 44 45 c. Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming th. 46 47 (Use the cells from the given information to complete this question.) 48 49 @ TIL Graded Worksheet 45 c. Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez USC 46 47 (Use the cells from the given information to complete this question.) 48 49 50. Cost of goods sold units 51 Ending inventory units 52 53 S4 55 Students. The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work