MusicYear specializes in sound equipment. Company records indicate the following data for a line of speakers:

Determine the amounts that MusicYear should report for cost of goods sold and ending inventory two ways:

a) FIFO b)LIFO

Start by determining the amounts that MusicYear should report for cost of goods sold and ending inventory under

a) FIFO

FIFO method cost of goods sold=

FIFO method ending inventory=

Data table