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I have to find the ending inventory using the fifo cost flow assumption Required information [The following information applies to the questions displayed below] The

I have to find the ending inventory using the fifo cost flow assumption

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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 2018, its first year of operations: 12111.20 Purchased 330 units @ $ 4 = $1,320 Apr. 21 Purchased 80 units @ $ 6 = 480 July 25 Purchased 220 units @ $ 8 : 1,760 Sept. 19 Purchased 70 units @ $ 10 = 700 During the year, The Shirt Shop sold 530 T-shirts for $15 each. Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the FIFO cost flow assumption. Ending inventory

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