Oriole Marine Products began the year with 10 units of marine floats at a cost of $9.80 each. During the year, it made the following purchases: May 5, 30 units at $14.20; July 16, 15 units at $16.60; and December 7, 20 units at $20.00. 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. FIFO LIFO Average-cost LA LA to Cost of Goods Sold

Oriole Marine Products began the year with 10 units of marine floats at a cost of $9.80 each. During the year, it made the followin purchases: May 5,30 units at $14.20; July 16,15 units at $16.60; and December 7,20 units at $20.00. Assuming there are 25 unit 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. Oriole Marine Products began the year with 10 units of marine floats at a cost of $9.80 each. During the year, it made the followin purchases: May 5,30 units at $14.20; July 16,15 units at $16.60; and December 7,20 units at $20.00. Assuming there are 25 unit 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