Exercise 6-04 a-b On December 1, Oriole Electronics Ltd. has three DVD players left in stock. All are identical, all are priced to sell at $140. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of $90. Another, with seral 045, was purchased on November 1 for ses. The last player, serial #1056, was purchased on November 30 for S80. 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, Oriole Electronics' year-end. Cost of goods solds If Oriole 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 Oriole's cost of goods sold be if the company wished to minimize earnings? Maximize earnings? Cost of goods sold would be $ Cost of goods sold would be $ Click if you would like to Show Work for this question: Open Show Work if it wished to minimise the earnings. if it wished to maximise the earnings