E$6\mathrm{.}3($LO $2)$ On December $1,$ Discount Electronics has three DVD players left in stock. All are identical, all are priced to sell at NT$$4,500.$ One of the three DVD players left in stock, with serial #$1012,$ was purchased on June $1$ at a cost of NT$$3,000.$ Another, with serial #$1045,$ was purchased on November I for NT$$2,760.$ The last player, serial #$1056,$ was purchased on November $30$ for NT:$52,520.$

Instructions

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, Discount Electronics' year$-$end.

h$.$ If Discount Electronics used the specific identification method instead of the FIFO method, how might it alter its earnings by "sclectively choosing" which particular players to sell to the two cus$-$tomers? What would Discount's cost of goods sold be if the company wished to minimize earnings?

Maximize earnings?

c$.$ Which of the two inventory methods do you recommend that Discount use? Explain why.