Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations: Jan. 20 Purchased Apr. 21 Purchased July 25Purchased Sept. 19 Purchased 0 units e s4- $1,600 130 units6780 250 units82,000 100 units$101,000 During the year, The Shirt Shop sold 720 T-shirts for $15 each. Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the FIFO cost flow assumption. FIFO Ending inventory