FULL SCREEN Exercise 6-3 (Part Level Submission) on December 1, Kiyak Electronics Ltd. has three DvD in stock. are identical, all are priced to sell at $160. of the players left in stock, with serial #1012, was purchased on June 1 at a cost of $100. Another, with serial #1045, was purchased on November 1 for $94. The last player, serial #1056, was purchased on November 30 for $84. v (a) Your answer is correct. Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December, Kiyak Electronics' year-end. Cost of goods sold 194 SHOW SOLUTION SHOW ANSWER LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 3 used w (b) might it alter its earnings by selectively choosing If Kiyak Electronics used the specific identification method instead of the FIFo method, how be if the company wished to minimize earnings? which particular players to sell to the two customers? What would Kiyak's cost of good sold Maximize earnings