Book Hint Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 50 units at $20 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 154-unit purchase at $23 per unit; the second was a 192-unit purchase at $24 per unit. During the period, it sold 264 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. Complete this question by entering your answers in the tabs below. Print Req A1 Req A2 Req B1 Req 82 Req C P eferences Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. Cost of Goods FIFO Units Unit Cost Sold From beginning inventory 50 $ 20-$ 1,000 From first purchase 154 @ 23- 3,542 From second purchase 264 @ 24 6,336 Total 468 $ 10,878 A Req A2 >