i Help 1 Required information Exercise 5-5 (Algo) 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: {:[" January 20 "," Purchased "400" units "$8=,$3","200],[" April 21 "," Purchased "150" units "$10=,1","500],[" July 25 "," Purchased "200" units "$12=,2","400],[" September 19 "," Purchased "100" units "$14=,1","400]:} During the year, The Shirt Shop sold 650 T-shirts for $19 each. Exercise 5-5 (Algo) 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