MusicWorld 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 MusicWorld should report for cost of goods sold and ending inventory two ways: a. FIFO and b. LIFO. (MusicWorld uses a perpetual inventory system.) a. Using the FIFO method, the cost of goods sold is $ and the ending inventory is Data Table Date Item Quantity Unit Cost Sale Price Mar Balance 13 45 7 47 Purchase Sale 6 108 13 Sale 4 107 Print Done