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part b

You have the following information for Splish Brothers inc. Splihh Erothers inc uses the perlodic method of accounting for its inventory transactions. Splith Brothers inconhy carries one brand and size of diamonds-at are identical. Each batch of damonds purchased is carefully coded and maried with its purchase cost. March 1 Betirwing imentary 157 diamonds at a cost of $317 per dumond March 3: Purchased 219 dianonds at a cost of $364 each. Marchs Sold 166 dimonds for Se07 each March 10 Purchased 298 dimondr at a cost of 5403 each March25 Sold 414 diamends for \$5B8 each. (a) Your answer k conrect Ausme that Splish Grothen inc unes the specihe ident frcation cont flow method (1) Demonstrate how Splh birothers inc could maximize its eross broft for the month by specifically selectine which diamonds te sell on March 5 and March 25. To maximize grois profit. Splih Brothers ine, thould sell the darnonds with the cast. (2) Demonstrate how Splih Brothers inc, could minimise its gross profit for the month by selecting which diamonds to sell on March 5 and March 25 To mirimize gross profit: Splihh Brethers inc, should sell the diamonds with the cost. Cost of eods suld to maximite eross proft Cost of coods sold to minimine woss profit. eTeabook and Media List of Accounts Attenote 1 of 2 uite (b) Solis Becher inc report under this cont flow asumption? Eastufenods wali Crossprofit

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