Can someone Pls HELP ME on my accounting assignment?

Question

June 1, balance , quantity 5 , unit cost $90

6 , purchase, quantity 12, unit cost $95

8, sale, quantity 3 , sale price $150

30, sale, quantity8, sale price $155

1. Determine the amounts that MusicBiz should report for cost of goods sold and ending inventory 2 ways

2. MusicBiz uses the FIFO method. Prepare MusicBiz’s income statement for the month ended June 30, 20X5, reporting gross profit. Operating expenses totalled $320, and the income tax rate was 40%.

Part a. FIFO

Cost of goods sold:

Ending inventory:

part b. LIFO

Cost of goods sold:

Ending inventory:

Income Statement

Month Ended June 30, 20X5:

Sales revenue

Cost of goods sold

Gross profit

Net income

Answer 1

It has been a little while sense I took Accounting but Fifo cogs should =$1020 while Lifo cogs should = 1045 and the remaining inventory is 6 for both

Answer 2

Part a. FIFO

Cost of goods sold: $1,020

Ending inventory: $570

part b. LIFO

Cost of goods sold: $1,045

Ending inventory: $545

Income Statement

Month Ended June 30, 20X5:

Sales revenue $1,690

Cost of goods sold ($1,020)

Gross profit $670

Operating expenses ($320)

Operating profit $350

Taxes ($140)

Net income $210