PLEASE READ THIS BEFORE ANSWERING:

Ignore the FIFO part.

I ONLY need help on the LIFO part, NOT FIFO.

No COGS or any of that, that isn't needed here.

Please show work.

Here's the image

MusicPalace 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 MusicPalace should report for cost of goods sold and ending inventory two ways: a. FIFO and b. LIFO. (MusicPalace uses a perpetual inventory system.) Start by determining the amounts that MusicPalace should report for cost of goods sold and ending inventory under a. FIFO. FIFO method cost of goods sold = FIFO method ending inventory = Determinie the amounts that MusicPalace should report for cost of goods sold and ending inventory under b. LIFO. LIFO method cost of goods sold = LIFO method ending inventory = Data table