Jan. 20 Apr. 21 July 25 Purchased 400 units e $8-$3,200 Purchased. 150 units e $10- 1,500 Purchased 200 units $12-> 2,400 Sept. 19 Purchased 100 units $14- 1,400 uring the year, The Shirt Shop sold 650 T-shirts for $19 each. equired Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average