Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 80 units at $35 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 166-unit purchase at $40 per unit; the second was a 204-unit purchase at $42 per unit. During the period, it sold 282 chairs.

Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses:

1. FIFO.
2. LIFO.
3. Weighted average.

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.) \begin{tabular}{|l|l|l|l||l|} \hline Req A1 & Req A2 & Req B1 & Req B2 & Req C \\ \hline \end{tabular} Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline FIFO & Units & & \multicolumn{3}{|c|}{ Unit Cost } & \multicolumn{2}{|c|}{EndingInventory} \\ \hline From second purchase & 168 & @ & $ & 42 & = & $ & 7,056 \\ \hline & & @ & & & = & $ & 0 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline Req A1 & Req A2 & Req B1 & Req B2 & Req C \\ \hline \end{tabular} Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. \begin{tabular}{|l|r|c|r|r||rr|} \hline \multicolumn{1}{|c|}{ FIFO } & \multicolumn{2}{|c|}{ Units } & & Unit Cost & & \multicolumn{2}{c|}{CostofGoodsSold} \\ \hline From beginning inventory & 80 & @ & $35 & = & 2,800 \\ \hline From first purchase & 166 & @ & 40 & = & 6,640 \\ \hline From second purchase & 36 & @ & 42 & = & 1,512 \\ \hline Total & 282 & & & & $ & 10,952 \\ \hline \end{tabular} \begin{tabular}{|l|l|l||l|l|} \hline Req A1 & Req A2 & Req B1 & Req B2 & Req C \\ \hline \end{tabular} Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO. \begin{tabular}{|l|r|r|r|r|r|rr|} \hline \multicolumn{1}{|c|}{ LIFO } & \multicolumn{1}{c|}{ Units } & & \multicolumn{2}{c|}{ Unit Cost } & & \multicolumn{2}{c|}{CostofGoodsSold} \\ \hline From second purchase & 204 & 0 & $ & 42 & = & $ & 8,568 \\ \hline From first purchase & 202 & @ & & 40 & = & 8,080 \\ \hline Total & & @ & & & = & 0 \\ \hline \end{tabular}