Lopez Company sells chairs that are used at computer stations. Its beginning inventory of chairs in Year $1$ was $100$ units at $$60$ per unit. During the year, Lopez made two purchases of this chair. The first was a $150-$units purchase at $$68$ per unit; the second was a $200-$unit purchase at $$72$ per unit. During Year $1,$ it sold $270$ chairs at $$120$ each.$$During Year $2,$ Lopez made two additional purchases of this chair. The first was a $100-$unit purchase at $$73$ per unit; the second was a $300-$unit purchase at $$75$ per unit. During Year $2,$ it sold $215$ chairs at $$125$ each.$$Lopez applies the FIFO cost flow assumption.$$