What would loprice cost of goods sold


On December 1, LoPrice 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.If LoPrice Electronics used the specific identification method instead of the FIFO method, what would LoPrice's cost of goods sold be if the company wished to minimize earnings?

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Accounting Basics: What would loprice cost of goods sold
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