Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was $120$ units at $$110$ per unit. During

the year, Cortez made two batch purchases of this chair. The first was a $226-$unit purchase at $$125$ per unit; the second was a $264-$unit

purchase at $$132$ per unit. During the period, it sold $372$ 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.

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