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first is my 2nd attempt, 2nd pic is what they are going to ask me. full question please Score: 0 of 3 pts 4 of

first is my 2nd attempt, 2nd pic is what they are going to ask me. full question please image text in transcribed
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Score: 0 of 3 pts 4 of 10 (10 completel HW Score: 41.35%, 10.34 of Question Help X E6-20A (similar to) MusicCity specializes in sound equipment Company records indicate the following data for a line of speakers Click the loon to view the data) Read the requirements Requirement 1. Determine the amounts that MusicCly should report for cost of goods sold and ending inventory two ways: a. FIFO and b. LIFO (MusicCty uses a perpetual Inventory system) a. Using the FIFO method, the cost of goods sold is $ and the ending inventory is 5 Data Table Quantity Unit Cost Sale Price Date Mar 1 Balance 12 $ 38 5 52 2 Purchase 7 Sale 6 $ 106 13 Sale 5 Print Done nter any number in the edit fields and then click Check Answer Clear All Check Answer parts remaining MacBook Air DI 30 F3 F FS FY F& # 3 & 7 4 5 6 1 8 9 0 N HW Score: 4 Score: 0 of 3 pts 4 of 10 (10 complete) E6-20A (similar to) MusicWorld specializes in sound equipment Company records indicate the following data for a line of speakers: Click the loon to view the data) Read the requirements Requirement 1. Determine the amounts that MusicWorld should report for cost of goods sold and ending inventory two ways a. FIFO and b. LIFO (MusicWorld uses a perpetual inventory system) 2. Using the FIFO method, the cost of goods sold is $ 378 and the ending inventory is $ 320 b. Using the LIFO method, the cost of goods sold is $ 542 and the ending inventory is $ 162 Requirement 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 $290, and the income tax rate was the nearest dollar) Music World Income Statement Data Table Month Ended March 31, 2018 Sales revenue 1.393 Date 378 em Cost of goods sold Quantity Unit Cost Sale Price M Gross profit 1 Balance 16 $ 1,015 27 2 Purchase 4 Operating expenses 290 68 income before income tax 7 Sale 7 725 $ 107 13 Sale 7 the expense 218 92 Not income $ 507 Print Done This question is complete Move your cursor over or tap on the red arrows to see incorrect answers All parts showing Similar MacBook Air FT SO ga DU 59 510

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