Question: On December 1, Electronics has three DVD players left in stock. All are identical, all are priced top sell at $82. One of the three

 On December 1, Electronics has three DVD players left in stock.

On December 1, Electronics has three DVD players left in stock. All are identical, all are priced top sell at $82. One of the three DVD players left in stock, with serial a 2012, was purchased on June 1 at a $50. Another, with serial 1045, was purchased on November 1 for $46. The last player, serial 1056, was purchased on November 30 for $38. 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, Culumber Electronics' year-end

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