Screenshot attached for question thanks jii4t4t4joi4jtoi4jto24jto4gbn Question listQuestion 13O Question 14✔Question 15Question 16.Data tableDateMar 1Mar 2Mar 7Mar 13ItemBalancePurchaseSaleSaleKWoody's 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 Woody's should report for cost of goods sold and ending inventory two ways: a. FIFO and b. LIFO. (Woody's uses perpetualinventory system.)Start by determining the amounts that Woody's should report for cost of goods sold and ending inventory under a. FIFO.FIFO method cost of goods sold =FIFO method ending inventory =Quantity11764Unit Cost Sale Price$4668$C9191Requirements1. Determine the amounts that Woody's should report for cost of goods sold andending inventory two ways: (Woody's uses a perpetual inventory system.)a. FIFOb. LIFO- X2. Woody's uses the FIFO method. Prepare the company's income statement for Windowsthe month ended March 31, 2021, reporting gross profit. Operating expensestotaled $330, and the income tax rate was 35%.Go to Settings to activiswern

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Description: Screenshot attached for question thanks jii4t4t4joi4jtoi4jto24jto4gbn Question listQuestion 13O Question 14✔Question 15Question 16.Data tableDateMar 1Mar 2Mar 7Mar 13ItemBalancePurchaseSaleSaleKWoody's specializes in sound equipment. Company records