Chopin Company sells product A$.$ The beginning inventory for product A was $78$ units @ $$248$ per unit. During the year, Chopin purchased $118$ units of product A at $$224$ per unit. The company sold $148$ units of product A @ $$408$ per unit at the end of the year.

Required:

Determine the amount of product cost that would be allocated to cost of goods sold and ending inventory using $(1)$ FIFO, $(2)$ LIFO, and $(3)$ weighted average.

Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar.

Answer rating: 100% (QA)

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