Exercise 5-3A Allocating product cost between cost of goods sold and ending Inventory: multiple purchases LO 5-1 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $30 per unit. During the year, Cortez made two batch purchases of this chale. The first was a 162-unit purchase at $34 per unit: the second was a 200 unit purchase at $36 per unit. During the period, it sold 276 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: FIFO Units From beginning inventory From first purchase Froen second purchase Total 700 162) 44 276 Cost of Goods Unit Cost Sold $ 30$ 2.100 34 - 5508 30 1584 $ 9,192 + FIFO Units Unit Cost Ending Inventory From beginning inventory @ Il $ 0 b. LIFO: LIFO Units Unit Cost Cost of Goods Sold Il 0 From beginning inventory $ 11 @ 0 $ 0 Total 0 LIFO Unit Unit Cout Endlog s ololo Total ending inventory $ c. Weighted average: (Round your intermediate calculations and final answers to the nearest whole dollar amount) unise Cost of goods sold Ending inventory $ $