S 1 mpleted so far. It does not indicate co Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 50 units at $75 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 218-unit purchase at $85 per unit; the second was a 236-unit purchase at $90 per unit. During the period, it sold 340 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. b. Weighted average. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO. Ending FIFO Units Unit Cost Inventory From beginning inventory From second purchase 504 @ $ 86 X= $ 164 @ $ 90 $ 43,344 14,760 Prev 1 of 6 Next