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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $85 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 206-unit purchase at $96 per unit, the second was a 244-unit purchase at $102 per unit. During the period, it sold 342 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. LIFO. c. Weighted average. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Req B1 Req B2 Reg C Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses FIFO. FIFO Units Unit Cost Cost of Goods Sold $ $ 0 @ @ @ 0 0 Total $ $ 0 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $85 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 206-unit purchase at $96 per unit; the second was a 244-unit purchase at $102 per unit. During the period, it sold 342 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. LIFO. c. Weighted average. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Req B1 Req B2 Reg C Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses FIFO. FIFO Units Unit Cost Ending Inventory $ 0 @ $ 0 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $85 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 206-unit purchase at $96 per unit; the second was a 244-unit purchase at $102 per unit. During the period, it sold 342 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. LIFO. c. Weighted average. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Req B1 Req B2 ReqC Determine the amount of product costs that would be allocated to cost of goods sold, assuming that Cortez uses LIFO. Cost of Goods LIFO Units Unit Cost Sold $ A 0 0 @ 0 0 Total 0 $ 0 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $85 per unit. During the year, Cortez made two batch purchases of this chair . The first was a 206-unit purchase at $96 per unit; the second was a 244-unit a purchase at $102 per unit. During the period, it sold 342 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.LIFO. c. Weighted average. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Req B1 Reg B2 Reqc Determine the amount of product costs that would be allocated to ending inventory, assuming that Cortez uses LIFO. LIFO Units Unit Cost Ending Inventory $ 0 @@ 0 Total ending inventory $ 0 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 70 units at $85 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 206-unit purchase at $96 per unit, the second was a 244-unit purchase at $102 per unit. During the period, it sold 342 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. LIFO. c. Weighted average. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Req B1 Req B2 Reqc Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses Weighted average. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) $ 0 Cost of goods sold Ending inventory units @ units @ 11 $ 0