please provide detail explanation and do not put it into a table.

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 yeat of operations: During the year, The Shirt Shop sold 630 T-shirts for $21 each. Exercise 5.5 (Algo) Part a Required o. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions (1) FFO, (2) LFO, and (3) weighted average: Note: Round intermediate colculations to 2 decimal places and final onswers to nearest whole dollar omount. 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: During the yeat, The Shirt Shop sold 630T-shirts for \$21 each. Exercise 5.5 (Algo) Port b b. Compute the ditference in gross margin between the FIFO and LFO cost flow assumptions