On December 1, Flounder Electronics has three DVD players left in stock. All are identical, all are priced to sell at exist98. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of exist60. Another, with serial #1045, was purchased on November 1 for exist55. The last player, serial #1056, was purchased on November 30 for exist46. 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, Flounder Electronics' year-end. The cost of goods sold using the FIFO If Flounder Electronics used the specific identification method instead of the FIFO method, how might it alter its earnings by selective choosing which particular players to sell to the two customers? What would Flounder Electronics' cost of goods sold be if the company wished to minimize earnings? Maximize earnings? Cost of goods sold would be exist if it wished to minimize the earnings Cost of goods sold would be exist if it wished to maximize the earnings