Required information [The following information applies to the questions displayed below] The Clothes Store had the following transactions for T-shirts for Year 1, its first year of operations. January 20 April 21 July 25 September 19 Purchased 600 units @ $ 7- Purchased 400 units @59- Purchased 480 units @ $12 Purchased 290 units @ $14 $4,200 3,600 5,760 4,000 During the year, The Clothes Store sold 1,410 T-shirts for $23 each. Required a. Compute the amount of ending inventory The Clothes Store would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO and (2) weighted average. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) FIFO Ending Inventory + Weighted average Activate Windows 9 us Cross