Musiceiz specializes in sound equiprent. Company reconds indicate the following data for a line of speakers IHA (Clok the icon to view the dala) Fread the regulements Requirement 1. Deterine the amounts that MuscBie should report for cost of poods sold and ending inventory two wiys a. FIFO and b. LifO (Musictic uses a perpetual inventory system) Stant by determining the amounts that Music Flfo method cost of goods sold = FFO method ending inventory a Owteminie the amourts that MusicBiz should report tor cost of goods sold and ending imensory under b. LIFO UFO method cost of goods sold = LFO thethod ending inventory = rabe was 30%, (Round answers to the neapst dollar.) Data table 1, reporting