Required information Exercise 5-5 (Algo) Effect of inventory cost flow on ending inventory balance and gross margin LO 51. TThe following information applies to the questions displayed below] The Shirt Shep had the following transactions for T-shirts for Year 1, its first year of operations: During the year, The Shirt Shep seld 530 Tishirts for $15 each. Exercise 5.5 (Algo) Part a Reguired Required a. Compute the amoum of ending inventory The Shirt Shop would report on the balance sheet assuming the following cost fow assumptions: (1) FIFO, (2) LIFO, and (3) weighted averege. Noter flound intermediate calcialations to 2 decimal places and final answers to nearest whele doliar amount