medication.com/es/map/index.html?con=con&external browsers:0&launchUrlhttps%253A%252F%252Fnewconnect.mheducation.com/2521/activity/que amework Saved Exercise 5-3A Allocating product cost between 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 100 units at $60 per unit. During the year. Cortez made two batch purchases of this chair. The first was a 150-unit purchase at $68 per unit the second was a 200-unit purchase at $72 per unit. During the period, it sold 270 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending Inventory, assuming that Cortez uses a. FIFO cost of Goods Sold FIFO Units Unit Cost Cost of Goods Sold 100$ 60 $ 6,000 150 10,200 270 CC 72 19.440 520 $ 35,640 From beginning inventory From first purchase Trombocond purchase Total 08 Ending Inventory FIFO Units Unit Cost From second purchase Ending Inventory $ 10,800 3 150 72 = $ Book Hint b. LIFO. Cost of Goods Sold LIFO Units Unit Cost Cost of Goods Sold 0 $ le 0 Total 0 $ 0 2 Ending Inventory LIFO Units Unit Cost Ending Inventory $ 0 $ 1428 points 1111 @ 0 0 $ 0 Total ending inventory eBook Hint c. Weighted average 0 units 160 Cost of goods sold Ending inventory 0 $ units