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ezto.mheduca Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 80 units at $90 per unit. During the

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ezto.mheduca Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 80 units at $90 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 210- unit purchase at $102 per unit; the second sold 348 chairs. was a 248-unit purchase at $108 per unit. During the period, it 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: Cost of Goods FIFO Units Unit Cost Total Ending FIFO Units Unit Cost 2 b. LIFO Cost of Goods Sold LIFO Units Unit Cost

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