B

Marigold Corp. began the year with 9 units of marine floats at a cost of $12 each. During the year, it made the following purchases: May 5,35 unit at $17; July 16, 18 units at $20; and December 7.23 units at $24. Assume there are 31 units on hand at the end of the period. Marigold uses the periodic approach (b) Determine the cost of goods sold under LIFO. LIFO $ Cost of good sold e Textbook and Media