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 Shine Shop had the following transactions for Tshirts for Year 1, its first year of operations Jan. 20 Purchased A Nased Dely 35 Purchased Sept. 19 Purchased 230 $3,780 150 units $10.3.500 230 units $12- 2,760 units 51)1.060 During the year. The Short Shop sold 730 T-shirts for 518 each Exercise 5-5 (Algo) Porto Required - Compute the amount of ending inventory The Shirt Shop would report on the balance sheet assuming the following cost flow Smotions (FO.. UFO, and (3) weighted average (Round Intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount) THO LIFO Weighted Average Ending inventory