Question: could you please comple the last picture for the average unit cost thank you. Je Marigold Corp began the year with 9 units of marine


Marigold Corp began the year with 9 units of marine floats at a cost of $12 each. During the year, it made the following purchases: May 5, 35 unit at $17; July 16, 18 units at $20; and December 7,23 units at $24. Assume there are 31 units on hand at the end of the period. Marigold uses the periodic approach. Determine the cost of goods sold under FIFO. FIFO $ 903 Cost of good sold (b) Your answer has been saved. See score details after the due date. Determine the cost of goods sold under LIFO. LIFO $ 1133 Cost of good sold Calculate average unit cost. (Round answer to 2 decimal places, eg. 5.12. $ Average unit cost Save for Vater
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
