signments MusicBiz specializes in sound equipment Company records indicate the following data for a line of speakers: EE Click the icon to view the data.) o Homework Read the requirements Take a Quiz/Test Requirement 1. Determine the amounts that MusicBiz should report for cost of goods sold and ending inventory two ways:a. FIFO and b. LIFO (MusicBiz uses a perpetual inventory system.) a. Using the FIFO method, the cost of goods sold is and the ending inventory is SL Enter any number in the edit fields and then click Check Answer Check Antwer Clear All 2 retaining 2 parts A 2000 Type here to search AKCE In RIYTU TOP IT 6-20A (similar to) MusicBiz specializes in sound equipment. Company records indicate the following data for a line of speakers: E (Click the icon to view the data.) Read the requirements 0 Data Table and b. LIF Requirement 1. Determine the amou perpetual inventory system.) Date Item Quantity Unit Cost Sale Price a. Using the FIFO method, the cost Mar 1 Balance 2 Purchase ON = 7 Sale 13 Sale... Print Done Enter any number in the edit fields and then click Check Answer Check Clear All 2 parts remaining 9 'o bi se @ e here to search ents ework MusicBiz specializes in sound equipment. Company records indicate the following data for a line of speakers: (Click the icon to view the data.) Read the requements. A Requirements Ruiz/Test Requirement 1. Determine the amou perpetual inventory system.) a. Using the FIFO method, the cost 1. Determine the amounts that MusicBiz should report for cost of goods sold and ending inventory two ways: (MusicBiz uses a perpetual inventory system.) a. FIFO b. LIFO MusicBiz uses the FIFO method. Prepare the company's income statement for the month ended March 31, 2018, reporting gross profit. Operating expenses totaled $240, and the income tax rate was 35%. Print Done Enter any number in the edit fields and then click Check Answer Clear All 2 2 parts remaining Type here to search