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Cortez Company sells chalrs that are used...

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Accounting

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Cortez Company sells chalrs that are used at computer stations. Its beginning inventory of chairs was 70 units at S30 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 162-unit purchase at $34 per unit; the second was a 200-unit purchase at $36 per unit. During the period, It sold 276 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: FIFO Units Unit Cost Cost of Goods Sold $ 0 0 le 0 Total 0 $ 0 FIFO Units Unit Cost Ending Inventory Unit Cont Inventory $ 0 b. LIFO: LIFO Units Unit Cost + Cost of Goods Sold $ @ @ Olo Total 0 $ LIFO Ending $ 0 0 Total ending inventory 0 $ 0 c. Weighted average: (Round your intermediate calculations and final answers to the nearest whole dollar amount.) units Cost of goods sold Ending inventory S $ 0 0 units

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