Exercise 5-20 Effect of Inventory cost flow on ending Inventory balance and gross margin LO 5-6 The following information applies to the questions displayed below The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations: Jan. 2? Purchased 400 units @ $8.. $3,200 Apr. 21 Purchased 200 units @ $10.2,eee July 25 Purchased280 units$13648 90 units $151350 Sept. 19 Purchased During the year. The Shirt Shop sold 810 T-shirts for $20 each. Exercise 5-20 Part a Required e. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet. assuming the foll flow assumptions FIFO QLIFo, and (3) weighted average (Round inermndiate calculea nearest whole doller amount) and final an ight FIFO LIFO Ending inventory