using the FFO method the cost of goods sold is Sand the ending i ver tory iss a puily reculus Indicate the following data for a line of speakers: Data Table that MusicPalace should rep oods sold is SL Jan uses a perpetual inve Date ltem Quantity Unit Cost Sale Price Mar 1 Balance 15 $ 58 2 Purchase 59 7 Sale 115 13 Sal Print Done nd then click Check Answer ar All mpany records indicate the following data for a line of speakers Requirements sicPalace should rep uses a perpetua old is $ and. 1. Determine the amounts that MusicPalace should report for cost of goods sold and ending inventory two ways (MusicPalace uses a perpetual inventory system.) a. FIFO b. LIFO 2. MusicPalace uses the FIFO method Prepare the company's income statement for the month ended March 31. 2018, reporting gross profit Operating expenses totaled $250, and the income tax rate was 35%. PintDone Check Answer ei