Required information Skip to question [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: January 20 Purchased 490 units @ $8 = $ 3,920 April 21 Purchased 130 units @ $9 = 1,170 July 25 Purchased 240 units @ $11 = 2,640 September 19 Purchased 80 units @ $13 = 1,040 During the year, The Shirt Shop sold 780 T-shirts for $18 each.