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.) a. Using the FIFO method, the cost of goods sold is $ and the ending inventory is S x Data Table Date Item Quantity Unit Cost Sale Price Mar 1 Balance 15 $ 55 2 Purchase 7 64 7 Sale 7 $ 93 13 Sale 7 93