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2 of 9 View Policies Current Attempt in Progress -/1 Oriole Marine Products began the year with 10 units of marine floats at a cost

image text in transcribed 2 of 9 View Policies Current Attempt in Progress -/1 Oriole Marine Products began the year with 10 units of marine floats at a cost of $14.60 each. During the year, it made the following purchases: May 5, 30 units at $21.40; July 16, 15 units at $26.20; and December 7, 20 units at $32.00. Assuming there are 25 units on hand at the end of the period, determine the cost of goods sold under (a) FIFO, (b) LIFO, and (c) average-cost. Oriole uses the periodic approach. FIFO LIFO Average-cost Cost of Goods Sold

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