Homework: Ch. 6 Homework Question 4, E6-22A (similar to) Part 1 of 3 HW Score: 66.46%. 13.29 of 20 points O Points: 0 of 3 Save MusicCity specializes in sound equipment. Company records indicate the following data for a line of speakers: (Click the icon to view the data) Read the requirements Requirement 1. Determine the amounts that MusicCity should report for cost of goods sold and ending inventory two ways: a. FIFO and b. LIFO. (MusicCity uses a perpetual inventory system.) Start by determining the amounts that MusicCity should report for cost of goods sold and ending inventory under a FIFO. FIFO method cost of goods sold FIFO method ending Inventory = - X Data table Date Item Unit Cost Sale Price Quantity 15 Mar 1 $ 42 Balance Purchase Mar 2 2 74 Mar 7 Sale 7 $ 94 Mar 13 Sale 5 91 Print Done Help me solve this Etext pages Calculator Clear all Check