Score: 0 of 12 pts 5 of 16 (15 complete) HW Score: 69%, 69 of 100 X E6-20A (similar to) i - Data Table Help X MusicCity 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. Date Item Sale Price Quantity 19 Unit Cost $ 35 Mar 1 Balance ............. Requirement 1. Determine the amounts that Music City should report for cost of goods sold and ending inventa a. Using the FIFO method, the cost of goods sold is $ and the ending inventory is $0 . 2 Purchase ............ 7 Sale ................ 13 Sale ........ 111 105 Print Done 1. Determine the amounts that Music City should report for cost of goods sold and ending inventory two ways: (MusicCity uses a perpetual inventory system.) a. FIFO b. LIFO 2. MusicCity uses the FIFO method. Prepare the company's income statement for the month ended March 31, 2018, reporting gross profit. Operating expenses totaled $290, and the income tax rate was 40%. Enter any number in the edit fields and then click Check Answer. parts remaining Clear A Print Done