Exercise $5-18$ A $($Algo$)$ Allocating product cost between cost of goods sold and ending inventory: Multiple purchases LO $5-6$

Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was $250$ units at $$41$ per unit. During the year, Cortez made two batch purchases of this chair. The first was a $285-$unit purchase at $$46$ per unit; the second was a $365-$unit purchase at $$48$ per unit. During the period, it sold $585$ chairs.

Required

Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez use

a$.$ FIFO.

b$.$ LIFO.

c$.$ Weighted average.

Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

$\backslash$table$[[,$FIFO,LIFO,$\backslash$table$[[$Weighted$],[$Average$]]],[$Cost of goods sold,,,$],[$Ending inventory,,,$]]$