dre 5 Homework 992 Required information [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 Jan, 20 Purchased $50 $3,920 Apr. 21 Puzchoand 110 July 25 Purchased 250 101.500 123,000 Sept. 1 Purchased 90 23 1,170 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 following cost flow assumptions: (1) FIFO, (2) LIFO and (3) weighted average (Round intermediate celculations to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Weighted Average Ending inventory