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Whispering Winds Corp. began the year with 8 units of marine floats at a cost of $11 each. During the year, it made the following
Whispering Winds Corp. began the year with 8 units of marine floats at a cost of $11 each. During the year, it made the following purchases: May 5, 35 unit at $17: July 16, 16 units at $21; and December 7,21 units at $25. Assume there are 30 units on hand at the end of the period. Whispering Winds uses the periodic approach. (a) X Your answer is incorrect. Determine the cost of goods sold under FIFO Cost of good sold FIFO 1019
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