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Musiolagis scecialzes in snund equpmert. Compary rooords indicote the following cata for a in of speakers: IIf (Click the icen so view the data.) Read the recuirentrents Start by determining the amounts that Musiktlagic should repot for cost of goods cold and ending inentory under a. FIFO. FFO methed cost of goods sold a FIFO methed ending inventery = Data table Requirements 1. Detemine the amounts that Musckagie should teport for cast of poeds seld and ending invertory two eays: (MuacicMagic iaes a perpelual inventory syilem) a. FFO b. LIFO 2. MusieMagic uses the FiFO metod. Precare the company's income atatament for the month ended March 31, 2021, leperting gross profi. Operating expenses toeked $310, and the inoome tax rate was 35%