- racebook ORION Downloadable eTextbook gnment CALCULATOR SALE INSTRUCTOR FULL SCREEN WINTER RACK NETE Brief Exercise 6-05 Blossom Company began the year with 10 units of marine floats at a cost of $12 each. During the year, it made the following purchases: May 5, 27 unit at $16 July 16, 19 units $20; and December 7, 24 units at $23. Assume there are 29 units on hand at the end of the period. Blossom uses the periodic approach. Determine the cost of goods sold under FIFO. FIFO Cost of good sold $ LINK TO TEXT Determine the cost of goods sold under UFO. LIFO Cost of good sold 5 10