MusicMagic 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 MusicMagic should report for cost of goods sold and ending inventory two ways. a. FIFO and b. LIFO (MusicMagic a. Using the FIFO method, the cost of goods sold is 585 and the ending inventory is S 441 b. Using the LIFO method, the cost of goods sold is $ and the ending inventory's s S Data Table Date Item Mar 1 Balance 2 Purchase 7 Sale 13 Salo Quantity Unit Cost Sale Price 14 $ 45 6 66 7 s 92 G 92 Help Me Solve This DemoDocs Example G