Question: Please answer problem #8 part c2, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Waterway Industries began the year with 12 units of marine


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 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 $ 1,075 Cost of good sold 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.) 18.80 Average unit cost (62) Determine the cost of goods sold under average-cost. Average-Cost $ Cost of good sold
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