On December 1, Premium Electronics has three DVD players left in stock All are identical, all are priced to sell at $85 One of the three DVD players left in stock, with serial 1012, was purchased on June 1 at a cost of $52 Another, with serial 1045, was purchased on November 1 for $48 The last player, serial 1056, was purchased on November 30 for $40 FIFO Periodic Inventory Method Cost of goods sold $100 Specific Identification Method Cost of goods sold would be $100 if it wished to minimise the earnings Cost of goods sold would be $88 if it wished to maximise the earnings (c) Which inventory method, FIFO or specific identification, do you recommend that Premium use Explain why Tz T Tx iii II bril LLL 99 1 TI O Word(s)

Question

On December 1, Premium Electronics has three DVD players left in stock  All are identical, all are priced to sell at $85  One of the three DVD players left in stock, with serial  1012, was purchased on June 1 at a cost of $52  Another, with serial  1045, was purchased on November 1 for $48  The last player, serial  1056, was purchased on November 30 for $40  FIFO Periodic Inventory Method Cost of goods sold $100 Specific Identification Method Cost of goods sold would be $100 if it wished to minimise the earnings  Cost of goods sold would be $88 if it wished to maximise the earnings  (c) Which inventory method, FIFO or specific identification, do you recommend that Premium use  Explain why  Tz T Tx iii II bril LLL 99 1 TI O Word(s)

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On December 1, Premium Electronics has three DVD players left in stock. All are identical, all are priced to sell at $85. One of the

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