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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 460 units @ $ 8 $3,688 April 21 Purchased 260 units @ $10 2,600 July 25 Purchased 340 units @ $13 4,420 September 19 Purchased 158 units @ $15 2,250 During the year, The Shirt Shop sold 990 T-shirts for $24 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 BG Required B G Required BG Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc UFO Acc WA Record the above transactions in general Journal forn Required 8 GJ WAs required for a transaction/event, select "No journal entry required" in the first account Meld.) View transaction list View Journal entry worksheet Date No + General Journal Debit Credit Jan 20 Merchandise inventory Cash Required information Required BT Required BT ACC LIFO Acc WA Required B G Required B G) Required BG Required BT LIFO WA Acc FIFO Required B FIFO Record the above transactions in general journal form using FIFO method. Assume all transactions are cas required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 Record sale of inventory for cash. Note: Enter debits before credits. General Journal Debit Credit Date Year 1 Record entry Clear entry View general journal Required information Required B Required B G Required B G Required BG Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general journal form using FIFO method. Assume all transactions ar required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet TO Required B Required B G Required B G Required B G Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Post to T-accounts using LIFO 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 17 w 0 Required information Complete this question by entering your answers in the tabs below. Required BT Acc WA Required B G Required B G Required BG Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Required B Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round 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 cos Bog. Bal. Beg. Bal. End, Bal End, Bal.