\begin{tabular}{|l|l||l||l||l|} Req A1 & Req A2 & Req B1 & Req B2 \end{tabular} Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses LIFO. \begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ LIFO Units } & & Unit Cost & \multicolumn{1}{c|}{EndingInventory} \\ \hline & & In & & = & \\ \hline & & @ & & = & \\ \hline Total ending inventory & & & & & \\ \hline \hline \end{tabular} \begin{tabular}{|l|l|l|l||l|} \hline Req A1 & Req A2 & Req B1 & Req B2 & Req C \\ \hline \end{tabular} Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO. \begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{1}{c|}{ LIFO Units } & & Unit Cost & & CostofGoodsSold \\ \hline & & @ & & = & \\ \hline & & @ & & = & \\ \hline & & @ & & = & \\ \hline Total & & & & & \\ \hline \hline \end{tabular} Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses Weighted average. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) \begin{tabular}{|l||l||l|l|l|} \hline Req A1 & Req A2 & Req B1 & Req B2 & Req C \\ \hline \end{tabular} Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. \begin{tabular}{|c|c|c|c|c|c|} \hline FIFO & Units & & Unit Cost & & CostofGoodsSold \\ \hline & & (a) & & = & \\ \hline 7 & & (Q) & & = & \\ \hline 7 & & (Q) & & = & \\ \hline Total & & & & & \\ \hline \end{tabular} Exercise 5-3A (Algo) Allocating product cost between cost of goods sold and ending inventory: multiple purchases LO 5-1 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 130 units at $115 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 230 -unit purchase at $130 per unit; the second was a 268-unit purchase at $138 per unit. During the period, it sold 378 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses: a. FIFO. b. LIFO. c. Weighted average. \begin{tabular}{|c|c|c|c|c|} \hline Req A1 & Req A2 & Req B1 & Req B2 & Req C \\ \hline \end{tabular} Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO. \begin{tabular}{|c|c|c|c|c|c|} \hline FIFO Units & & Unit Cost & & EndingInventory \\ \hline & & @ & = & \\ \hline & & @ & & \\ \hline \end{tabular}