Cortez company sells chairs that are used at computer stations. its beginning inventory of chairs was 150 units at $70 per unit. during the year, cortez made two batch purchases of this chair. the first was a 114-unit purchase at $79 per unit; the second was a 232-unit purchase at $84 per unit. during the period, it sold 284 chairs.1. determine the amount of products costs that would be allocated to cost of goods sold and ending inventory, assuming that cortez usesa. fifob. lifoc. weighted average