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On December 1; Blossom Company has three DVD players left in stock. All are identical, all are priced to sell at $160. One of the

On December 1; Blossom Company has three DVD players left in stock. All are identical, all are priced to sell at $160. One of the three DVD players left in stock, with serial 1012, was purchased on June 1 at a cost of $113. Another, with serial #1045, was purchased on November 1 for $91. The last player, serial #1056, was purchased on November 30 for $86. Your answer is incorrect. If Blossom Company 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 Blossom's cost of goods sold be if the company wished to minimize earnings? Maximize earnings? Cost of goods sold would be $ if it wished to minimize the earnings. Cost of goods sold would be $ 204 if it wished to maximize the earnings. eTextbook and Media

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