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 of the
period. Novak uses the periodic approach.

(a) Determine the cost of goods sold under FIFO.

Select all the correct locations on the table. consider the following expression. 76.493 select "equivalent" or "not equivalent" to indicate whether the expression above is equivalent or not equivalent to the values or expressions in the last column equivalent not equivalent 343 equivalent not equivalent 49 78.498 78.498 75.493 equivalent not equivalent 75.7 equivalent not equivalent