equired 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 530 units @ $ 8 = $ 4,240

Apr. 21 Purchased 330 units @ $ 10 = 3,300

July 25 Purchased 410 units @ $ 13 = 5,330

Sept. 19 Purchased 220 units @ $ 15 = 3,300

During the year, The Shirt Shop sold 1,200 T-shirts for $24 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