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Question 4 Novak Corp. began the year with 8 units of marine floats at a...

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Question 4 Novak Corp. began the year with 8 units of marine floats at a cost of $11 each. During the year, it made the following purchases: May 5, 34 unit at $16; July 16, 17 units at $21; and December 7, 22 units at $25. Assume there are 29 units on hand at the end the period. Novak uses the periodic approach. (a) Determine the cost of goods sold under FIFO. FIFO Cost of good sold Click if you would like to Show Work for this question: Open Show Work

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