Crane Company began the year with 8 units of marine floats at a cost of $10 each. During the year, it made the following purchases: May 5, 32 unit at $15; July 16, 15 units at $19; and December 7, 20 units at $23. Assume there are 25 units on hand at the end of the period. Crane uses the periodic approach.     Determine the cost of goods sold under FIFO.     FIFO Cost of good sold   $    eTextbook and Media         Determine the cost of goods sold under LIFO.     LIFO Cost of good sold   $    eTextbook and Media         Calculate average unit cost. (Round answer to 2 decimal places, e.g. 5.12.) Average unit cost   $    eTextbook and Media         Determine the cost of goods sold under average-cost.     Average-Cost Cost of good sold   $

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