Check my work 2 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: of 2 Jan. 20 Apr. 21 July 25 Sept. 19 Purchased 400 units $ 8 - $3,200 Purchased 200 units $10 - 2,000 Purchased 280 units $13 - 3,640 Purchased 90 units $15 = 1,350 Book During the year, The Shirt Shop sold 810 T-shirts for $20 each. CK Print Exercise 5-5A Part a nonces 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.) Ending Inventory FIFO LIFO Weighted Average 3 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 2 of 2 Jan. 20 Purchased 400 unita $ 8 $3,200 Apr. 21 Purchased 200 unitne $10 - 2,000 July 25 Purchased 200 unitse $13 = 3,640 Sept. 19 Purchased 99 units $15 - 2350 Book During the year, The Shirt Shop sold 810 T-shirts for $20 each. Hint Al Exercise 5-5A Part b Print ferences 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 journal entries and T-accounts for each method. Assume all transactions are cash transactions Complete this question by entering your answers in the tabs below. WA Acc WA Required Required By Required 8 GJ Required 8 ) Required at Required BT Required BT FIFO LIPO Acc FIFO ACC LIFO Record the above transactions in general Journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account red.)