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Check my work Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 60 units at $25 per unit.
Check my work Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 60 units at $25 per unit. During the year, Cortez made two batch purchases of this chait. The first was a 158 unit purchase at $28 per unit; the second was a 196-unit purchase at $30 per unit. During the period, it sold 270 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 Uit Cost Units Unit Cost Cost of Goods FIFO Sold Total FIFO Units Unit Cost Ending Inventory b. LIFO: LIFO Units Unit Cost Cost of Goods Sold Total LIFO Units Unit Cost Ending Inventory Total ending inventory c. Weighted average (Round your intermediate calculations and final answers to the nearest whole dollar amount. units Cost of goods sold Ending inventory units
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