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Caitez Company sells chats that are used at computer stations. Its beginning inventory of chairs was 210 units at $46 per unit. During the year,
Caitez Company sells chats that are used at computer stations. Its beginning inventory of chairs was 210 units at $46 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 295 unit purchase at $51 per unit the second was a 395 unt purchase at $53 per unit. During the period. It sold 555 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. (Do not round Intermediate calculations. Round your final answers to nearest whole dollar amount) FIFO LIFO Weighted Average Cost of goods sold Ending inventory
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