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Lopez Company selts chairs that are used at computer stations. It: beginning nventory of chairs in Year 1 was 100 units at $60 per unit,

Lopez Company selts chairs that are used at computer stations. It: beginning nventory of chairs in Year 1 was 100 units at $60 per unit, During the year, Lopez made fwo purchases of this chair. The first was a 150 -units purchase at $68 per unatit the second wos a 200 -unit purchase of $72 per unit. During Year 1 , if sold 270 chairs at $120 each: During Year 2 Lopez mode two additionai purchoses of this char. The frst was o 100 -unit purchose of $73 per unit, the second was a 300 -unit purchase at $75 per unit, During Year 2 . it sold 215 chairs of $125 each. Loper opplies the FFo cost flow ossumplion. 2

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