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= Homework: Ch. 6 Homework Question 4, E6-22A (similar to) Part of HW Score 74.224. 14.84 of 20 points Points: 0.18 of 3 Savo MiniPlace speciale in sound equipment. Concany records indicate the following data for a line of speakers (Click the icon to view the data) Read the reguicemente Requirement 1. Determine the amounts that MusicPlace should report for cost of goods sold und ending inventory two ways. FUFO and b. LIFO MusicPlace uses a perpetual inventory system) Stirby wamining the amounts that MusicPlace should report for cost of goods sold und ending inventory under . FIFO FIFO method cost of goods sold 702 FIFO method ending inventory 729 Determine the amounts that MusicPlace should report for cost of goods sold and ending inventory under b. UFO LIFO method cont of goods sold 57 LIFO method ending inventory 55 Requirement 2. Music Place uses the FIFO method. Prepare the company income statement for the month ended March 31, 2021. reporting gross prote Operating expenses totale $200, and the income taxe was 40%. Round answers to the nearest dola) MusicPlace Help me solve this Etext pages Calculator Similar question Save MusicPic Pows in oond equipment Company recorn indice (click the icon to view the data) sowego ora in of LIFO method ending inventory 1 Requirement 2. Music the FIFO method. Prepare the company's income the month March 22.2021, reporting gros prot Operating expenses totaid $200, and the income tale was 40% Round answers to the nearest do Music Place Income statement Month Ended March 31, 2021 Sales revenue 5 1.274 Cost of goods sold 702 Gross prote 200 Operating expenses Income before income tax 312 120 income tax expense 5 TRT Net income 572 Similar question Help mo solve this Etext pages Calculator Data table Date Item Quantity Unit Cost Sale Price Mar 1 Balance 13 28 Mar 2 Purchase 5 49 Mar 7 Sale 6 $ 103 Mar 13 Sale 4. 95 Print Done