E6-20A (similar to) Question Help MusicPlace specializes in sound equipment Company records indicate the following data for a line of speakers Back the icon to view the data) Read the purements Requirement 1. Determine the amounts that Music Place should report for cost of goods sold and ending inventory two ways a: FIFO and B. UFO Music Placeuses a perpetual inventory system) a. Using the FIFO method, the cost of goods sold is $ 90 and the ending inventory is 5 199 Data Table -X Date am Sale Price Quantity Unit CM 16 5 20 Mar 1 Balance 2 Purchase 7 Sale 13 Sale 72 5 112 5 Print Done Enter any number in the edit Melds and then click Check Answer 2 parts remaining Clear All Final Check