1. This is the Proompt.

2. use these numbers

3. Requirements

MuskWorld specializes in sound equipment Company records indicate the following data for a line of speaker (Cliek the icon to vw the data Read the recent Total Date Requirement 1, Determine the amounts the MusicWorld should report for cost of goods sold and ending inventory wwwa nro mob.ro www.speed more on . Uning the FIFO method, the cost of goods sold is $ 004 and the ending motmtryls 3 h. Using the Lito method, the cost of goode sold as 120 and the ending inventory 32 Regulament 2. Munkworlds to FIFO method, pare the companys com elatert for the month enood March 1, 2016. reporting from predt. Operating expenses totaled $200, and the mometar was 40% (answers to the nearest Music World Begin Invent 1.242 Income Statement Month Ended March 31, 2016 Sales revenue Cost of goods sold Crossro Operating experi Income before income tax Income tax expen 558 260 Purche 15 179 Net income 26 Similar question Help me solve this Demodocs example Get more help ate Item Quantity Unit Cost Sale Price r 1 Balance .. 15 $ 59 2 Purchase. ... 7 63 7 Sale 6 $ 105 13 Sale 4 92 - Requirements 1. Determine the amounts that MusicYear should report for cost of goods sold and ending inventory two ways: (MusicYear uses a perpetual inventory system.) a. FIFO b. LIFO 2. MusicYear uses the FIFO method. Prepare the company's income statement for the month ended March 31, 2018, reporting gross profit. Operating expenses totaled $250, and the income tax rate was 35%. Print Done