EA, E5-5A, E5-10A Saved Help Save & Exit Check 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. January 20 Purchased 580 units @ $ 9 $5,220 April 21 Purchased 380 units @ $11 - 4,180 July 25 Purchased 460 units @ $14 = 6,440 September 19 Purchased 270 units @ $16 - 4,320 During the year. The Shirt Shop sold 1,350 T-shirts for $25 each. 5. Record the above transactions in general Journal form and post to T-accounts assuming (1) FIFO. (2) LIFO, and veighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all ransactions are cash transactions Complete this question by entering your answers in the tabs below. During the year, The Shirt Shop sold 1,350 T-shirts for $25 each b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO (2) LIFO, and (3) weighted average methods 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. Required B Required B G Required BG] Required B G) Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Required BT Acc WA Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal Beg Bal End. Bal End. Bal. Sales Revenue Cost of Goods Sold Beg Bal Beg. Bal End. Bal End. Bal During the year, The Shirt Shop sold 1,350 T-shirts for $25 each. b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO (2) LIFO, and (3) weighted average methods Use a separate set of journal entries and T-accounts for each method. Assume ali transactions are cash transactions Complete this question by entering your answers in the tabs below. Required B Required B G) Required B G) Required BG Required BT Required BT Required BT FIFO LIFO Ace FIFO Acc LIFO Acc WA WA Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Bog Bal Beg Bal End Bar End Bal Sales Revenue Cost of Goods Sold Beg Bal Beg. Bal End. Bal End. Bal b. Record the above transactions in general Journal form and post to T-accounts assuming (1) FIFO (2) LIFO, and (3) weighte methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactia Complete this question by entering your answers in the tabs below. Required B Required B G Required B G Required B G Required By Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Cash Merchandise Inventory Beg Bal Beg. Bal. End. Bal End, Bal Sales Revenue Cost of Goods Sold Beg. Bal Beg. Bal End. Bal End. Bal