ata for a line of speakers: Data table Date Item Quantity Mar 1 Balance 16 ods sold and ending inventory two w Mar 2 Purchase dand ending inventory under a. FIFO Mar 7 Sale 7 Mar 13 Sale 6695 $ ding inventory under b. LIFO. e statem Requirements Unit Cost Sale Price 46 52 629 Print Done 1. Determine the amounts that MusicPlace should report for cost of goods sold and ending inventory two ways: (MusicPlace uses a perpetual inventory system.) a. FIFO b. LIFO 2. MusicPlace uses the FIFO method. Prepare the company's income statement for the month ended March 31, 2021, reporting gross profit. Operating expenses totaled $340, and the income tax rate was 30%. $ 102 98 - re income tax rate was 30%. - X Time Remaining: 00:14:25