On December 1, Premium Electronics has three DVD players left in stock. All are identical, all are priced to sell at $85. One of the three DVD players left in stock, with serial #1012, was purchased on June 1 at a cost of $52. Another, with serial #1045, was purchased on November 1 for $48. The last player, serial #1056, was purchased on November 30 for $40. FIFO Periodic Inventory Method Cost of goods sold $100 Specific Identification Method Cost of goods sold would be $100 if it wished to minimise the earnings. Cost of goods sold would be $88 if it wished to maximise the earnings. (c) Which inventory method, FIFO or specific identification, do you recommend that Premium use? Explain why. Tz T Tx iii II bril LLL 99 1 TI O Word(s)