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Chapter 6 Homework BusAc186-5524 fady Homework: Chapter 6 Homework Score: 0 of 4 pts 2 of 5 (2 complete) HW Score: 16.92%, 3.3 XE6-34B (similar to) Question MusicLife specializes in sound equipment Company records indicate the following data for a line of speakers E (Click the icon to view the data) Read the requirements r petual invente Requirement 1. Dotermine the amounts that MusicLife should report for cost of goods sold and ending inventory two ways a. FIFO and b. LIFO (Music Life use System) a. Using the FIFO method, the cost of goods sold is and the ending inventory is SL Enter any number in the edit fields and then click Check Answer. Check Answer Clear All Parts - remaining ho 2 of 5 (2 complete) HW Score: 16 oment. Company records indicate the following data for a line of speakers: * Data Table ounts that My FO.(MusicLife uses a perpe Date Item Quantity Unit Cost Sale Price ost of goods so Mar $ 29 62 1 Balance 2 Purchase 7 Sale.... 13 Sale 110 94 Print Done elds and then click Check Answer. Clear All Check Ans a co 9 ha 2 of 5 (2 complete) HW Sco er to) und equipment Company records indicate the following data for a line of speakers: the data.) me the amounts that My x 0. (MusicLife uses 0 Requirements od, the cost of goods se 1. Determine the amounts that MusicLife should report for cost of goods sold and ending inventory two ways: (MusicLife uses a perpetual inventory system.) a. FIFO b. LIFO 2. MusicLife uses the FIFO method. Prepare the company's income statement for the month ended March 31, 2018, reporting gross profit. Operating expenses totaled $340, and the income tax rate was 35%. the edit fields and then Print Done Checl hp