Financial Accounting Inventory Valuation Inventory Costing Methods Cortez Company sells chairs that are used at computer stations. Its beginning inventory of units at $60 per unit, During the year, Cortez made two batch purchases of this chair purchase at $68 per unit; the second was a 200-unit purchase at $72 per unit. During the period, it sold 270 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses chairs was 100 a. FIFO. b. LIFO c. Weighted average