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The Shirt Shop had the following transactions for T-shirts for 2016, its first year of operations: During the year. The Shirt Shop sold 810 T-shirts for $20 each. Required a. 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 cost per unit to 2 decimal places and final onswers to the nearest whole dollar amount.) The Shirt Shop had the following transactions for T-shirts for 2016, its first year of operations: During the year. The Shirt Shop sold 810 T-shirts for $20 each. b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO, (2) LIFO, and (3) weighted average. Use a separate set of joumal entries and Taccounts for each method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first occount field.) The Shirt Shop had the following transactions for T-shirts for 2016 , its first year of operations: During the year, The Shirt Shop sold 810 T-shirts for $20 each. c. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions