Bonita 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, 31 unit at $ 15, July 16, 16 units at $ 20; and December 7, 21 units at $ 23. Assume there are 26 units on hand at the end of the period. Bonita uses the periodic approach, (a) Your Answer Correct Answer (Used) Determine the cost of goods sold under FIFO, FIFO 817 Cost of good sold X Your answer is incorrect Determine the cost of goods sold under LIFO. LIFO 1203 Cost of good sold e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer (c1) The parts of this question must be completed in order. This part will be available when you complete the part above