Mathematics, 07.10.2021 19:50, QueenNerdy889

Novak 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 5,34 unit at $16; July 16, 17 units at $21; and December 7, 22 units at $25. Assume there are 29 units on hand at the end of the
period. Novak uses the periodic approach.

(a) Determine the cost of goods sold under FIFO.

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Novak Corp. began the year with 8 units of marine floats at a cost of $11 each. During the year, it...