Muniche specializes in sound equipment Company records indicate the following data for a line of speakers Read the time (Cthe icon to view the data Requirement 1. Determine the amounts that Musicle should report for cost of goods sold and ending inventory two ways FOLIFO. (MusicLess inventory tytom) Sort by prining the amounts that Muscle should report for cost of goods sold and ending inventory under .FO FIFO method cost of goods sold FIFO muthed ending inventory Determine e amounts that we report for cont of goods sold and ending wory under 1.LFO LIFO method cost of goods sold UPO method ending invory Requirement 2. Music the FIFO mamod Prepare the company income statement for the month ended March 31, 2021, reporting promo proti Operating events Szo wd tercam Music Life Income Statement Month Ended March 31, 2021 Net Income indicate the following data for a line of speakers Question 1 of 19 This This time 15 uld report for cost of goods sold and ending inventory two ways a FIFO and b. LIFO Muscles per invertory) Sort for cost of goods sold and ending inventory under a FIFO stof goods sold and ending inventory under b. LIFO. e the company's income statement for the month ended March 31, 2021, reporting grous proft. Operating expenses totaled S270. und the income was 30%, und www sicLite uses a perpetual inventory system.) s profit. Operating expenses totaled $270, and the income tax rate was 35%. (Round Data table Data Item Mart Balance Mar2 Purchase Mar 7 Salle Mar 13 sale Unit Sale Quantity Cost Price 16 S 49 3 51 $ 110 5 02 Print Done