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 fifo. lifo. weighted average.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

What’s the question exactly? i’d love to ! : )