On December 1, Sage Hill Electronics has three DVD players left in stock. All are identical, all are priced to sell at $83. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of $51. Another, with serial #1045, was purchased on November 1 for $47. The last player, serial #1056, was purchased on November 30 for $39.

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, Sage Hill Electronics year-end.

The cost of goods sold using the FIFO

$ _____

If Sage Hill 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 Sage Hills 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 $ _____ if it wished to maximize the earnings.

On December 1. Sage Hill Electronics has three DVD players in stock. All we identical are priced to sell at 102. One of the the DVD players left in stock with serial 1012 was purchased on June 1st a cost of $51. Another with serial 1045 purchased on November 1 for $47. The last player, serial 01056, was purchased on November 30 for $39. Calculate the cost of food cold using the FIFO periodic Inventory method aming that two of the three players were told by the end of December, Sage Hill Electronics year-end The cost of goods solduring the Faro Textbook and Media Assistance Used Textbook If Sage Hill Electronics used the specific identification method instead of the FIFO method, how might italter its earnings by selectively choosing which particular players to sell to the two customers? What would Sage Hills cost of goods sold be if the company wished to minimize earnings Maximize earnings? Cost of goods sold would be 5 Cost of goods sold would be it it withed to minimize the earnings witwished to mine the earning e Textbook and Media Assistance Used