Waterway Industries began the year with 12 units of marine floats at a cost of $11 each. During the year, it made the following purchases: May 5,30 unit at $17; July 16, 19 units at $20; and December 7.24 units at $24. Assume there are 35 units on hand at the end of the period, Waterway uses the periodic approsch. (a) Determine the cost of goods sold under FIFO. eTextbook and Media Assistance Used Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c1) The piarts of thisquestion must be completed in order. This part will be avallable when you cormplete the part above. (c2) The parts of this question must be completed in order, This part wal be available when you complete the part above