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On december 1, marzion electronics ltd. has three dvd players left in stock. all are identical, all are priced to sell at $161. one of the three dvd players left in stock, with serial #1012, was purchased on june 1 at a cost of $113. another, with serial #1045, was purchased on november 1 for $95. the last player, serial #1056, was purchased on november 30 for $88. 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, marzion electronics' year-end.
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On december 1, marzion electronics ltd. has three dvd players left in stock. all are identical, all...
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