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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 60 units at $80 per unit. During the year,

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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 60 units at $80 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 202-unit purchase at $91 per unit; the second was a 240-unit purchase at $96 per unit. During the period, it sold 336 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 Complete this question by entering your answers in the tabs below. Reg A1 Req AZ Req B1 Reg B2 Reg C Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. FIFO Unit Cost Units Cost of Goods Sold 0 @@@ 0 0 0 Total $ Reg A2 > Req A1 Req A2 Req B1 Req B2 Reg C Determine the amount of product costs that would be allocated to ending inventory, assuming that Corte FIFO Units Unit Cost Ending Inventory $ 0 Reg A1 Reg A2 Reg B1 Req B2 Reg C Determine the amount of product costs that would be allocated to cost of goods sold, assuming that LIFO Units Unit Cost Cost of Goods Sold $ 0 11 Be 11 0 Total 0 $ $ 0 Reg A1 Req A2 Req B1 Req B2 Reqc Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez us LIFO Units Unit Cost Ending Inventory $ 0 @@ 11 olo Total ending inventory O $ Req A1 Req A2 Req B1 Req B2 Reqc Determine the amount of product costs that would be allocated to cost of goods sold and en Cortez uses Weighted average. (Round your intermediate calculations and final answers to 1 units $ Cost of goods sold Ending inventory @ @ 0 0 units 11 $

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