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Erie Jewelers selis gold eartings. lts beginning inventory of Model 407 gold earings consisted of 100 pairs of earrings at $50 per pair Erle purchased two batches of Model 407 earrings during the year. The first batch purchased consisted of 150 pairs at $53 per pair. the second batch consisted of 200 pairs at $56 per pair. During the year, Erie sold 375 pairs of Model 407 earrings. Required Determine the amount of pqoduct cost Erie would allocate to cost of goods sold and ending inventory assuming that Erie uses (ii) Fro, (b) LIFO, and (c) weighted average. Complete this question by entering your answers in the tabs helow. Determine the amount of product cost Ene would allocate to cost of goods sold and ending invertocy ansuming that Erie isses FIF. Erie Jewelers sells gold earrings, Its beginning inventory of Model 407 gold earrings consisted of 100 pairs of earrings at $50 per pair. Erie purchased two batches of Model 407 earrings during the year. The first batch purchased consisted of 150 pairs at $53 per pair: the second batch consisted of 200 pairs at $56 per pair. During the year, Erie sold 375 pairs of Model 407 earrings. Required Determine the amount of product cost Erie would allocate to cost of goods sold and ending inventory assuming that Erie uses (a) FiFO, (b) LIFO, and (c) weighted average. Complete this question by entering your answers in the tabs below. Determine the amount of product cost Erie would allocate to cost of goods sold and ending inventory assuming that Erie uses LIFO. Erie Jewelers sells gold earrings, Its beginning inventory of Model 407 gold earrings consisted of 100 pairs of earrings at $50 per pair, Erle purchased two batches of Model 407 eartings during the year. The first batch purchased consisted of 150 palis at $53 per pair; the second batch consisted of 200 pairs at $56 per palr. During the year, Erle sold 375 palrs of Model 407 earrings. Required Determine the amount of product cost Erie would allocate to cost of goods sold and ending inventory assuming that Enle uses (a) FIFO, (b) LIFO, and (c) weighted average. Complete this question by entering your answers in the tabs below. Determine the amount of product cost Erie would allocate to cost of goods sold and onding inventory assuming that Erie uses the weighted average method. (Do not round intermediate calculation and round final answers to nearest whole dollar.)