On December $1,$ Cheyenne Corp. has three DVD players left in stock. All are identical, all are priced to sell at $$88.$ One of the three DVD players left in stock, with serial #$1012,$ was purchased on June $1$ at a cost of $$50.$ Another, with serial #$1045,$ was purchased on November $1$ for $$46.$ The last player, serial #$1056,$ was purchased on November $30$ for $$42.$

$($a$)$

Calculate the cost of goods sold using the FIFO periodichinventory method, assuming that two of the three players were sold by the end of December, Cheyenne Corp.$\text{'}$ year$-$end.

Cost of goods sold

eTextbook and Media

Attempts: $0$ of $3$ used

$($b$)$

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