Tamarisk Marine Products began the year with 9 units of marine floats at a cost of $10 each. During the year, it made the following purchases: May 5, 32 units at $15; July 16, 17 units at $20; and December 7, 22 units at $23. Assume there are 30 units on hand at the end of the period. Tamarisk uses the periodic system. (a) Determine the cost of goods sold under FIFO. Cost of good sold $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Tamarisk Marine Products began the year with 9 units of marine floats at a cost of $10 each. During the year, it made the following purchases: May 5, 32 units at $15 : July 16, 17 units at $20; and December 7,22 units at $23. Assume there are 30 units on hand at the end of the period. Tamarisk uses the periodic system. (a) Determine the cost of goods sold under FIFO. Cost of good sold eTextbook and Media Attempts: 0 of 3 used