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.

$2$ points

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.

Complete this question by entering your answers in the tabs below.

Req A$1$

Req $A2$

Req B$1$

Req B$2$

Req 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.

$\backslash$table$[[$Cost of goods sold,units,@$,=,$$$,0],[$Ending inventory,units,@$,=,$$$,0]]$