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Exercise 5-3A Allocating product cost hoween cost of goods sold and ending inventory: multiple purchases...

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Exercise 5-3A Allocating product cost hoween cost of goods sold and ending inventory: multiple purchases LO 5-1 Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 150 units at $105 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 222-unit purchase at $119 per unit the second was a 260-unit purchase at $126 per unit. During the period. it sold 366 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses O. FIFO: FIFO Units Unit Cost Cost of Goods Sold @ @ Total FIFO Units Unit Cost Ending Inventory b. LIFO: LIFO Units Unit Cost Cost of Goods Sold 11 11 Total LIFO Units Unit Cost Ending Inventory c. Weighted average: (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Cost of goods sold Ending Inventory units units

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