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Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs...

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Accounting

Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 100 units at $100 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 218-unit purchase at $113 per unit; the second was a 256-unit purchase at $120 per unit. During the period, it sold 360 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez usesimage

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a. FIFO: Cost of Goods Sold 0 FIFO Units Unit Cost Total 0 UnitsUnit C Ending Inventory 0 FIFO 0

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