Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 100 units at $60 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 150-unit purchase at $68 per unit; the second was a 200-unit purchase at $72 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:

FIFO.

LIFO.

Weighted average.

Complete this question by entering your answers in the tabs below.

Req A1

Req A2

Req B1

Req B2

Req C

Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO.

LIFO	Units		Unit Cost		Cost of Goods Sold
		@		=	$0
		@		=	0
		@		=	0
Total	0				$0