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Novak Marine Products began the year with 8 units of marine floats at a cost of $ 1 1 each. During the year, it made

Novak Marine Products began the year with 8 units of marine floats at a cost of $11 each. During the year, it made the following purchases: May 5,34 units at $16; July 16,17 units at $21; and December 7,22 units at $25. Assume there are 29 units on hand at the end of the period. Novak uses the periodic system. Determine the cost of goods sold under average cost
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