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i need help with the second part MusicPlace specializes in sound equipment Company records indicate the following data for a line of speakers: EIB (Click
i need help with the second part
MusicPlace specializes in sound equipment Company records indicate the following data for a line of speakers: EIB (Click the icon to view the data) Read the requirements Start by determining the amounts that Music Place should report for cost of goods sold and ending inventory under a. FIFO method cost of goods sold 429 FIFO method ending inventory - 393 Determinie the amounts that MusicPlace should report for cost of goods sold and ending inventory under b. LIFO. LIFO method cost of goods sold = 525 LIFO method ending inventory - 297 Requirement 2. MusicPlace uses the FIFO method Prepare the company's income statement for the month ended Marc (Round answers to the nearest dollar) Music Place MusicPlace specializes in sound equipment. Company records indicate the following da (Click the icon to view the data.) ) Read the requirements MusicPiace Income Statement Month Ended March 31, 2021 Net income Data table Date Item Sale Price Quantity Unit Cost 18 $ 33 Mar 1 Balance US Mar 2 Purchase 4 57 Mar 7 Sale 7 $ 199 Mar 13 Sale 6 96 Step by Step Solution
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