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Nash Marine Products began the year with 1 2 units of marine floats at a cost of $ 1 1 each. During the year, it
Nash Marine Products began the year with units of marine floats at a cost of $ each. During the year, it made the following
purchases: May units at $; July units at $; and December units at $ Assume there are units on hand at th
end of the period. Nash uses the periodic system.
a
Determine the cost of goods sold under FIFO.
Cost of good sold $
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