Question 10 of 11 View Policies Current Attempt in Progress You have the following information for Bramble Gems. Bramble uses the periodic method of accounting for its inventory transactions Bramble only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. (a) March 4 3 5 10 25 Beginning inventory 141 diamonds at a cost of $290 per diamond. Purchased 188 diamonds at a cost of $329 each Sold 172 diamonds for $564 each Purchased 313 diamonds at a cost of $356 each Sold 368 diamonds for $611 each Assume that Bramble Gems uses the specific identification cost flow method. Question 10 of 11 (a) Assume that Bramble Gems uses the specific identification cost flow method. How could Bramble maximize its gross profit for the month by specifically selecting which diamonds to sell on March 5 and March 25? (1) (2) To maximize gross profit, Bramble should sell the diamonds with the To minimize gross profit. able should sell the diamonds with the How could Bramble minimize its gross profit for the month by selecting which diamonds to sell on March 5 and March 25? eTextbook and Media cost. List of Accounts -14 E 1 cost