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Paulson's specializes in sound equipment. Compary records indicate the following data for a line of spoakers: Read the toculvements Start by determining the arnounts that Pauloon's should repon for cost ol goods sold and ending inventory under a. FIFO. FiFO method cost of goods sold = FiFO method ending inventory = Dethminia the amounts that Pailsont should repont for cost of goods sold and ending inventory under b. LiFO Liro method cont of goods sold * LIFO method ending inventory * Reculroment 2. Paulson's uses the FIFO method, Prepare the company/ income statement for the menth ended June 31, 2021, reporting pross profit, Operuting expentes istaled S340, and the incor tax rate was 35%. (Round enswers to the nanrest doliar) Data table Paulson's specializes in sound equipment. Compary records indicate the following data for a line of spoakers: Read the toculvements Start by determining the arnounts that Pauloon's should repon for cost ol goods sold and ending inventory under a. FIFO. FiFO method cost of goods sold = FiFO method ending inventory = Dethminia the amounts that Pailsont should repont for cost of goods sold and ending inventory under b. LiFO Liro method cont of goods sold * LIFO method ending inventory * Reculroment 2. Paulson's uses the FIFO method, Prepare the company/ income statement for the menth ended June 31, 2021, reporting pross profit, Operuting expentes istaled S340, and the incor tax rate was 35%. (Round enswers to the nanrest doliar) Data table