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

Return to questiorn 2 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. 25 points Requirec Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses " FIFO: Answer is complete but not entirely correct. FIFO Units Unit Cost From beginning inventory120 From first purchase From second purchase 264@ Total Goods Sold 110$13.200 28,250 34,043 $76,298 O 226 @ 125 Return to questilon 2 Answer is complete but not entirely correct. Ending Invento FIFO Units Cost 25 points From first purchase 238 110 28,180 b. LIFO: Answer is complete but not entirely correct. Unit Cost LIFO Units Goods From second purchase| 264@ From first puchas 226 Total 13234,848 28,250 $63,098 25 490 | Return to questilon 2 XAnswer is complete but not entirely correct. 25 points Unit Cost Ending Inve LIFO Units From second purchase * From beginning 264 @@ |$ 132 120 384 34.848 13,200 48.048 110 Total ending inventory c. Weighted average: (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is not complete. Cost of gcods sold Ending units units |