Question: Please answer problem #3, part C1 SHOWING ALL WORK ACCORDINGLY. Thank you! Bonita Industries began the year with 12 units of marine floats at a

Please answer problem #3, part C1 SHOWING ALL WORK ACCORDINGLY. Thank you!

Bonita 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, 31 unit at $ 15; July 16, 16 units at $ 20; and December 7, 21 units at $ 23. Assume there are 26 units on hand at the end of the period. Bonita 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 Cost of good sold 817 Attempts: 1 of 1 used (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 1.058 (c1) Calculate average unit cost. (Round answer to 2 decimal places, e.g. 5.12.) $ Average unit cost $

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