Reference no: EM132531545

Question - Discount Electronics Ltd. has 5 DVD players in stock. All are identical, all are priced to sell at $150.

Following are the details of DVD players.

serial #1012, was purchased on June 1 at a cost of $100.

Serial #1020, was purchased on July 10 at a cost of $98.

Serial #1033, was purchased on August 15 at a cost of $93.

serial #1045, was purchased on November 1 for $90

serial #1056, was purchased on November 30 for $84.

Through specific identification method, it was known that Two of the five DVD players are left in stock i.e., serial #1012 and serial #1045 Instructions: Find cost of goods sold and ending inventory using specific identification method.