0/1 how Attempt History Current Attempt in Progress Coronado Industries began the year with 12 units of marine floats at a cost of $11 each. During the year, it made the following purchases: May 5, 27 unit at $15; July 16, 20 units at $20; and December 7.25 units at $23. Assume there are 30 unis on hand at the end of the period. Coronado uses the periodic approach. (a) * Your answer is incorrect. Determine the cost of goods sold under FIFO. FIFO $ 822 Cost of good sold C 9 e Textbook and Media 27