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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 8 0 units at $ 9 0 per unit.

Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 80 units at $90 per unit. During
the year, Cortez made two batch purchases of this chair. The first was a 210-unit purchase at $102 per unit; the second was a 248-unit
purchase at $108 per unit. During the period, it sold 348 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.
Req A2
Req B1
Req B2
Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO.
Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO.
Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO.
Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses LIFO.
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.)
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