Question: Please answer peoblem #8 part c2, SHOWING ALL WORK ACCORDINGLY. Thank you! Waterway Industries began the year with 12 units of marine floats at a


Waterway Industries began the year with 12 units of marine floats at a cost of S 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 approach. (a) Your answer has been saved. See score details after the due date. Determine the cost of goods sold under FIFO. FIFO 802 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 Cost of good sold 1,075 Attempts: 1 of 1 used (c1) Your answer has been saved. See score details after the due date. Calculate average unit cost. (Round answer to 2 decimal places, eg. 5.12) Average unit cost 18.80 (c2) Determine the cost of goods sold under average-cost. Average-Cost $ Cost of good sold
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