Illustration: Crivitz TV Company purchases three identical 50inch TVs on different dates at costs of $700, $750, and $800. During the year Crivitz sold two sets at $1,200 each. These facts are summarized below.

purchases February 3 1TV at 700 March 5 1TV at 750 may 22 1TV at 800 sales June 1 2Tv for 2400(12002)

calculate COGS and GOEI under specific identification method . explain your answer. thanks in advance