usudAieaugen infruni tortic a power of the Gospel-E Fanposts SAP 2000 tutorials-Y d Cheap Flights, Hotels Emily Wels-Fair the The Most Expensive H The Most Expensive The Pinnaca Kimmel, Accounting, 6e FINANCIAL & MANAGERIAL (Acc 11 Assignment Gradebook ORION CALCULATOR FULL SCREEN PRINTER VERsaON m 6-6A You have the following information for compar riole company uses the periodic method of accounting for its inventory transactions. oriole Company only carries one brand and size of diamonds-all are identical. Each batch of a nds purchased is carefully coded and marked with its purchase cost March 1 Beginning inventory 156 diamonds at a cost of s321 per diamond. March 3 Purchased 194 diamonds at a cost of $338 each. March 5 diamonds for $640 each. March 10 Purchased 320 diamonds at a cost of $376 each. 25 diamonds for $712 each. Assume that oriole Company uses the specific identification cost flow method. (i) Demonstrate how oriole company could maximize its gross profit for the month by specificalyselecting which diamonds to so on March 5 and March 25 To maximize gross profit, oriole company should sell the diamonds with the (2) Demonstrate how oriole Company could minimize s gross profit for the month by selecting which damonds to sell on March 5 and March 25. To minimize gross profit, oriole Company should sell the diamonds with the Sadow LIST ACCOUNTS