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NEXT Exercise 6-04 a-b On December 1, Swifty Electronics Ltd. has three DVD players left in stock. All are identical, all are priced to sell at $180. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of $90. Another, with serial 1045, was purchased on November 1 for $85. The last player, serial #1056, was purchased on November 30 for $70. 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, Swifty Electronics year-end. Cost of goods sold LINK TO TEXT IF Swifty Electronics 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 Swifty's cost of goods sold be if the company wished to minimize earnings? Maximire camings? Cost of goods sold would be $ it wished to minimise the earnings. Cost of goods sold would be $ if it wished to maximise the earnings. Click if you would like to Show Work for this question Open Show Work