Cortez Company sells chairs that are used at computer stations.Its beginning inventory of chairs was 170 units at $42 per unit.During the year, Cortez made two batch purchases of this chair. Thefirst was a 295-unit purchase at $47 per unit; the second was a365-unit purchase at $49 per unit. During the period, it sold 515chairs
Determine the amount of product costs that would be allocated tocost of goods sold and ending inventory, assuming that Cortezuses
FIFO.
LIFO.
Weighted average.
