Vaughn Manufacturing began the year with 8 units of marine floats at a cost of $10 each. During the year, it made the following purchases: May 5, 35 unit at $16; July 16, 19 units at $21; and December 7, 24 units at $23. Assume there are 34 units on hand at the end of the period. Vaughn uses the periodic approach. Your answer is correct. Determine the cost of goods sold under FIFO. FIFO Cost of good sold 829 e Textbook and Media Your answer is correct Determine the cost of goods sold under LIFO, LIFO $ 1095 Contained and Tour answer is MUTTECE. Calculate average unit cost. (Round answer to 2 decimal places, e.g. 5.12.) Average unit cost e Textbook and Media Your answer is incorrect. Determine the cost of goods sold under average-cost. Average-Cost Cost of good sold