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Required information [ The following information applies to the questions displayed below. ] The Shirt Shop had the following transactions for T - shirts for
Required information
The following information applies to the questions displayed below.
The Shirt Shop had the following transactions for Tshirts for Year its first year of operations:
During the year, The Shirt Shop sold Tshirts for $ each.
Required
a Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow
assumptions: FIFO, LIFO, and weighted average.
Note: Round intermediate calculations to decimal places and final answers to nearest whole dollar amount.
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