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1) What is the value of the units available for sale? 2) What is the weighted average unit cost of goods available for sale? 3)

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1) What is the value of the units available for sale?
2) What is the weighted average unit cost of goods available for sale?
3) Determine the value of Cost of Goods Sold if weighted average is used to allocate product costs.
4) Determine the value of ending Inventory if weighted average is used to allocate product costs.
5) What is Gross Margin under FIFO?


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 unit; the second was a 200-unit purchase at $72 per unit. During the period, it sold 270 chairs for $100 each. How many units are available for sale during the accounting period? Do not enter dollar signs or commas in your answers

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