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 a-1. Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. a-2. Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO. b-1. Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO. b-2. Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses LIFO. c. Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses Weighted average. Answer is not complete. 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 ending inventory, assuming that Cortez uses LIFO. LIFO Units From beginning inventory From first purchase Total ending inventory @ 0 < Req B1 Unit Cost Ending Inventory = $ 0 |= 0 $ 0 Req C >