Save Homework: Chapte... Question 4, E6-20A (simil... HW Score: 2%, 0.5 of 25 points Part 1 of 3 Points: 0 of 3 MusicWorld specializes in sound equipment Company records indicate the following data for a line of speakers Click the icon to view the data) Read the requirements Requirement 1. Determine the amounts that MusicWorld should report for cost of goods sold and ending viventary two ways a. FiFO and b. LIFO (MusicWoed user a perpetual inventory system) 2. Using the FIFO method, the cost of goods sold is sl and the ending inventory ess! Requirements 1. Determine the amounts that MusicWorld should report for cost of goods sold and ending inventory two ways (MusicWorld Les perpetual inventory System) a FIFO b. UFO 2 MusicWorld uses the FIFO method Prepare the company's income statement for the month ended March 31, 2018, reporting gross profit Operating expenses totaled $340, and the income to tax rate was 35% Print Done Cabe This nemnDocs Example Get More Help - Clear All Check Answer ment. Company records indicate the following data for a line of speakers: Data Table Date Item Sale Price Mar 1 Balance Quantity Unit Cost 16 $ 45 45 2 Purchase 5 7 Sale 6 S 114 13 Sale 7 109 Print Done moDocs Example Get More Help Clear All