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: Jan 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 400 units 53.5 3,200 200 units 510 2.000 260 units 513 - 3,640 90 units 515- 1.350 During the year. The Shirt Shop sold 810 T shirts for $20 each Exercise 5-5A Part a Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions (0) FIFO (2) UFO, 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