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$9$

$801$:$02$:$26$

Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was $240$ units at $$45$ per unit. During the year, Cortez made two batch purchases of this chair. The first was a $315-$unit purchase at $$50$ per unit; the second was a $375-$unit purchase at $$52$ per unit. During the period, it sold $585$ 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.

b$.$ LIFO.

c$.$ Weighted average.

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.

$\backslash$table$[[,$FIFO,LIFO,$\backslash$table$[[$Weighted$],[$Average$]]],[$Cost of goods sold,,,$],[$Ending inventory,,,$]]$