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MusicCily speciolizes in sound equipment. Company records indicato the following data for a line of speakers: (Cilick the icon to vien the data) Read the

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MusicCily speciolizes in sound equipment. Company records indicato the following data for a line of speakers: (Cilick the icon to vien the data) Read the refuirements. Requirement 1. Determine the amounts that MusicCay should report for cost of goods sold and ending inventory two ways: a. FIFO and b. LFFO. (MusioCity uses a perpetual inventory system.) Start by defermining the amounts that MusieCity should report for cost of goods sold and anding inventory under a. FiFO. FIFO method cost of goods sold = FIFO method ending inventory = Data table

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