Bonita Marine Products 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 units 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 system. (a) Your answer is incorrect. Determine the cost of goods sold under FIFO. Cost of good sold $ eTextbook and Media Last saved 1 second ago. Attempts: 2 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes