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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 1 8 0 units at $ 4 6 per
Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was units at $ per the year, Cortez made two batch purchases of this chair. The first was a unit purchase at $ per unit; the second was purchase at $ per unit. During the period, it sold chairs.
Required
Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that
a FIFO,
b LIFO
c Weighted average.
Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.
tableFIFO,LIFO,tableWeightedAverageCost of goods sold,,,Ending inventory,,,
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