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Required information e following information applies to the questions displayed below.) The Shirt Shop had the following transactions for T-shirts for Year 1, its first

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Required information e 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: Jan. 20 Apr. 21 July 25 Purchased600 units e7 4,200 Purchased 400 units e 93,600 480 units @ $12= 5,760 Sept. 19 Purchased 290 units e 14-4,060 Purchased During the year, The Shirt Shop sold 1,410 T-shirts for $23 each. b. Record the above transactions in general journal form and post to T accounts using (1) FIFO, (2) LIFO, and (3) weighted average. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions

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