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Question 14 On December 1, Pharoah Electronics Ld has three DVD players left in stock. All are identical, all are priced to sell at NT$4,574.

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Question 14 On December 1, Pharoah Electronics Ld has three DVD players left in stock. All are identical, all are priced to sell at NT$4,574. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of NT$2,943. Another with serial71045, was purchased on November 1 for NT$2,738. The last player, serial #1056, was purchased on November 30 for NT$2,468 (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, Pharoah Electronics' year end. The cost of goods sold

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