$!$

Required information

$[$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 $20$

Aprit $21$

July $25$

September $19$

Purchased $470$ units a $$7=$

Purchased $270$ units @ $$9=$

Purchased $350$ units @ $$12=$

Purchased $160$ units @ $$14=$

$$3,290$

$2,430$

$4,200$

$2,240$

During the year, The Shirt Shop sold $1,020$ T$-$shirts for $$23$ each.

Required

a$.$ Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: $(1)$ FIFO, $(2)$ LIFO, and $(3)$ weighted average. $($Round cost per unit to $2$ decimal places and final answers to the nearest whole dollar amount.$)$

$\backslash$table$[[$Ending$,],[$Inventory$,],[$FIFO$,],[$Weighted average,$]]$