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  3. 4. musicworld.net specializes in sound equipment.

4. MusicWorld.net specializes in sound equipment. Because each inventory item is expensive, MusicWorld...

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Accounting

image 4. MusicWorld.net specializes in sound equipment. Because each inventory item is expensive, MusicWorld uses a perpetual inventory system. Company records indicate the following data for a line of speakers: Determine the amounts that MusicWorld should report for cost of goods sold and ending inventory two ways: a. FIFO b. LIFO (Show your solution step by step) (10 Points)

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