Question 3 On December 1, Grouper Electronics has three DVD players left in stock. All are identical, all are priced to sell at s96. One of the three DVD players left in stock, with serial 1012, wa purchased on June 1 at a cost of $59. Another, with serial #1045, w as purchased on November 1 for s54. The last player, serial noss, was purchased on November 30 for S45 Calculate the cost of goods sold using the FIro periodic inventory method, assuming that two of the three players were sold by the end of December, Grouper Eectronics year end. The cost of goods sold using the FIFO If Grouper Electronics used the speofic 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 Grouper Electronics' cost of goods sold be if the company wished to minimize earnings? Maximize earnings? Cost of goods sold would be $ if it wished to minimize the earnings. Cost of goods sold would be if it wished to maximize the earnings