Answer Happy

0.75 1.5 View Policies Show Attempt History Current Attempt in Progress On December 1, Shamrock. Electronics has three DVD players left in stock. All are identicaloare priced to set 578. One of the three DVD players left in stock, with serial #1012 was purchased on June 1 at a cost of $48. Another with serial 1045, was purchased on November 1 for $44. The last player, serial #1056, was purchased on November 30 for $37. (a) Your answer is correct 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, Shamrock, Electronics' year-end. $ 92 The cost of goods sold using the FIFO eTextbook and Media Antone
Using multiple attempts Wimpact your score 5% score reduction after attempt 2 0.75 / 15 (b) If Shamrock, 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 Shamrock's cost of goods sold be the company wished to minimize earnings? Maximize earnings? Cost of goods sold would be $ if it wished to minimize the carnings Cost of goods sold would be $ if it wished to maximize the earnings eTextbook and Media Attempts: 0 of 4 used Submit Amw Save for Later Using multiple attempts will impact your score. 5% score reduction after attempt 2