4. Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 490 units 110 units 250 units 90 units $ 8 - $3,920 $10 1,199 3.000 $13 - 1,170 $12 - 4 points During the year, The Shirt Shop sold 760 T-shirts for $18 each. eBook Required Hint Print a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. References Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of ending Inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average Ending inventory Required A Required B > 4 Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 490 units 110 units 250 units 90 units @ @ @ $ 8 $10 $12 = $13 $3,920 1,100 3,000 1,170 4 points eBook Hint During the year, The Shirt Shop sold 760 T-shirts for $18 each. Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the follo assumptions: (1) FIFO (2) LIFO, and (3) weighted average. b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. Print References Complete this question by entering your answers in the tabs below. Required A Required B Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. FIFO LIFO Difference Gross margin