Required information Exercise 5-5A 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: Jan. 20 Purchased 400 units $8 - $3,200 Apr. 21 Purchased 200 unitae $10 - 2,000 July 25 Purchased 280 units $13 - 3,640 Sept. 19 Purchased 90 unita $15 - 1,350 During the year. The Shirt Shop sold 810 T-shirts for $20 each. Exercise 5-5A Part 5 nes 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 Complete this question by entering your answers in the tabs below. Exercise 5-5A Part b 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 Complete this question by entering your answers in the tabs below. Required B Required BG) Required 8 G) Required BG) Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc UFO Acc WA Record the above transactions in general Journal form. (If no entry is required for a transaction/event, select "No journal entry required in the first account held.) View transaction lit View Journal entry worksheet No Date General Journal Debit Credit Required 8 GJ FIFO > Exercise 5-5A Part b 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, Complete this question by entering your answers in the tabs below. Required B Required B G Required BG Required BG Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general Journal form using FIFO method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View Journal entry worksheet No Date General Journal Debit Credit Exercise 5-5A Part b 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 Complete this question by entering your answers in the tabs below. Required B Required B G Required B G) Required BG Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc UFO Acc WA Record the above transactions in general Journal form using LIFO method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account held.) View transaction list View Journal entry works worksheet No Date General Journal Debit Credit Exercise 5-5A Part b 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 Complete this question by entering your answers in the tabs below. Required Required BG Required BG Required BGJ Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general Journal form using weighted average method. Assume all transactions are cash transactions (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount) View transaction list View journal entry worksheet ses No Date General Journal Debit Credit Required information Required B Required B G Required B G) Required BG Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal Beg. Bal End. Bal Sales Revenue Cost of Goods Sold Beg Bal Beg. Bal End. Bal End. Bal Required information Required B Required BG) Required B G Required BG] Required BT Required BT Required BT FIFO LIFO WA ACC FIFO Acc LIFO Acc WA Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal Beg. Bal End. Bal os Sales Revenue Cost of Goods Sold Beg. Bal Beg Bal End. Bal End. Bal Required information Required B Required B G Required B G) Required B G Required BT Required BT FIFO LIFO WA ACC FIFO Acc LIFO Required BT Acc WA MARRAREN Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round decimal places and final answers to the nearest whole dollar amount.) Cash Merchandise Inventory Beg. Bal Beg. Bal End. Bal Sales Revenue Cost of Goods Sold Beg. Bal Beg. Bal End. Bal End. Bal