On December 1, Martinez Electronics has three DVD players left in stock. All are identical, all are priced to sell at $90. One of the three DVD players left in stock, with serial # 1012, was purchased on June 1 at a cost of $55. Another, with serial # 1045, was purchased on November 1 for $51. The last player, serial # 1056, was purchased on November 30 for $42. (a) 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, Martinez Electronics' year-end. The cost of goods sold using the FIFO $

On December 1. Martinez Electronics has three DVD players left in stock. All are identical, all are priced to sell at $90. One of the three DVD players left in stock, with serial $1012, was purchased on June 1 at a cost of $55. Another, with serial \$1045, was purchased on November 1 for $51. The last player, serial $1056, was purchased on Novernber 30 for $42. (a) 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, Martinez Electronics' year-end. The cost of goods sold using the FIFO