Suppose that on December $1.$

Amazon.com has three wireless speakers left in stock. All are identical and all are priced to sell at $$100.$

One of the three wireless speakers left in stock, with serial #$1012,$ was purchased on June $1$ at a cost of $$58.$ Another, with serial

#$1045,$ was purchased on November $1$ for $$54.$ The last wireless speaker, serial $$1056,$ was purchased on November $30$ for $$48.$

$($a$)$

Calculate the cost of goods sold using the FIFO periodic inventory method, assuming that two of the three wireless speakers were

sold by the end of December, Amazon's year$-$end.

FIFO Cost of Goods Sold

$