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

Please answer problem #8 part B, SHOWING ALL WORK ACCORDINGLY. Thank you!

Waterway 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 5,30 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 $ Cost of good sold 802 Attempts: 1 of 1 used (b) Determine the cost of goods sold under LIFO. LIFO $ Cost of good sold

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