Check 7 Part 1 of 3 Required information Exercise 5-5A Effect of inventory cost flow on ending inventory balance and gross margin LO 5-1 The following information applies to the questions displayed below) The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations, 1111 points eBook Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 500 units @s $3,500 300 units @ $92,700 38 units $12. 190 units @ $ 14 = 2,660 Hint References During the year, The Shirt Shop sold 1110 T shirts for $23 each Exercise 5-5A Part a 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 answers to the nearest whole dollar amount.) Mc GEN Check my 7 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased 300 units $92,700 380 units $ 124,560 190 units $14 - 2,660 Part 1 of 3 During the year. The Shirt Shop sold 1.110 T shirts for $23 each 1111 DO Exercise 5-5A Part a BOOK 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 answers to the nearest whole dollar amount.) Pent References Ending Inventory FIFO IUFO Weighted average ME Graw Hall