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Oriole Marine Products began the year with 1 0 units of marine floats at a cost of $ 1 4 . 6 0 each. During

Oriole Marine Products began the year with 10 units of marine floats at a cost of $14.60 each. During the year, it made the following purchases: May 5,30 units at $21.40; July 16,15 units at $26.20; and December 7,20 units at $32.00. 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 (c) average-cost. Oriole uses the periodic approach.
Cost of Goods Sold
FIFO
$
LIFO
$
Average-cost $
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