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25. Eaton Electronics uses a periodic inventory system. The following information relates to Eaton's inventory of plasma TVs: Beginning Inventory - two plasma TVs that
25. Eaton Electronics uses a periodic inventory system. The following information relates to Eaton's inventory of plasma TVs: Beginning Inventory - two plasma TVs that cost $3.200 each (serial numbers 11534892 and 11534894) April Purchase - four TVs that cost $2,300 each (serial numbers 11542631 through 11542634) May Purchase - five TVs that cost $3,300 each (serial numbers 11550964 through 11550968) In June, Eaton sells two of these TVs (serial numbers 11534894 and 11542631). There were no additional purchases or sales during the remainder of the year. Eaton Electronics uses the specific identification method. What is its cost of goods sold? A B. C. $5,500 $6.600 $6,400 $5,867
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