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gurman 1. Bermine the amounts why nodd report for cost of goods solid and ending wventory two ways. Prowd b.ro Mechy a perpetual inventory system

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gurman 1. Bermine the amounts why nodd report for cost of goods solid and ending wventory two ways. Prowd b.ro Mechy a perpetual inventory system Using a FF, the cost of goods sold 3 ed the ending inventory Using the UFO meo, the cost of goods and the ending inventory s equirement 2. Molely on the FIFO motos. Prepare a company income watement for the month ended March 31, 2018, moporsing prout proft Operating sponses totale of the income tax ratew a) Musk City Income Start Montesindad March 31, 2018 Founds to the Citof Oruc Ow come In DID report for cost of goods sold and ending inventory two ways: a. FIFO and b. LIFO. (Music School uses a perpetual inventory and the end Data table Date Item Quantity Unit Cost Sale Price Mar 1 Balance 13 $ 59 2 Purchase 2 64 7 Sale 6 110 13 Sale 6 96 Print Done

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