(a) Your answer is correct Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two cf the three players were sold by the end of December,, Splish Brothers Inc. year-end. 209 Cost of goods sold Open Show Work Click if you would like to Show Work for this question: SHOW ANSWER SHOW SOLUTION VIDEO: APPLIED SKILLS VIDEOSMILAR EXERCISE LINK TO TEXT Attempts: 1 of 3 used v (b) If Splish Brothers Inc. used the specific identification method instead of the FIFO method, how might it alter its earnings by "selectively choosing" which particular players to sell to the two customers? What would Splish Brothers's cost of goods scld be if the company wished to minimize earnings? Maximize earnings? f it wished to minimize the earnings. Cost of goods sold would be if it wished to maximize the narmings. Cost of goods sold would be $ Open Show Work Click if you would like to Show Work for this question: VDEO Ares tED SKLLS VIDEO SIMILAR EXERCTs ATNK TO TEKT