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Blossom Marine Products began the year with 10 units of marine floats at a cost of $13.40 each. During the year, it made the following

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Blossom Marine Products began the year with 10 units of marine floats at a cost of $13.40 each. During the year, it made the following purchases: May 5,30 units at $19,60; July 16, 15 units at $23.80; and December 7,20 units at $29.00. Assuming there are 25 units on hand at the end of the period, determine the cost of goods sold under (a) FIFO, (b) UFO, and (c) average-cost. Blossom uses the periodic approach. Blossom Marine Products began the year with 10 units of marine floats at a cost of $13.40 each. During the year, it made the following purchases May 5,30 units at $19.60; July 16,15 units at $23.80; and December 7,20 units at $29.00. 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 (d) average-cost Bicssom uses the periodic approach. Blossom Marine Products began the year with 10 units of marine floats at a cost of $13.40 each. During the year, it made the following purchases: May 5,30 units at $19,60; July 16, 15 units at $23.80; and December 7,20 units at $29.00. Assuming there are 25 units on hand at the end of the period, determine the cost of goods sold under (a) FIFO, (b) UFO, and (c) average-cost. Blossom uses the periodic approach. Blossom Marine Products began the year with 10 units of marine floats at a cost of $13.40 each. During the year, it made the following purchases May 5,30 units at $19.60; July 16,15 units at $23.80; and December 7,20 units at $29.00. 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 (d) average-cost Bicssom uses the periodic approach

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