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Cortez Company sells chairs that are used at computer stations. its beginning inventory of chairs was 200 units af $49 per unit. During the year,

image text in transcribed Cortez Company sells chairs that are used at computer stations. its beginning inventory of chairs was 200 units af $49 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 315 -unit purchase at $54 per unit; the second was a 375 -unit purchase at $56 per unit. During the porlod, it sold 575 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. Woighted average. (Do not round intermediate calculations. Round your final answers to noarest whole dollar amount.)

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