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 Purchased 460 units @ $ 8 = $3,680 April 21 Purchased 260 units @ $10 = 2,600 July 25 Purchased 340 units @ $13 = 4,420 September 19 Purchased 150 units $15 = 2,250 During the year, The Shirt Shop sold 990 T-shirts for $24 each. b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Complete this question by entering your answers in the tabs below. Required B Required B GJ Required B G Required B G Required BT FIFO LIFO WA Acc FIFO Required BT Acc LIFO Required BT Acc WA Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal. 0 Beg. Bal. 1/20 9,790 Year 1 3,680 1/20 2,600 4/21 4,420 7/25 2,250 9/19 4/21 7/25 9/19 3,680 2,600 4,420 2,250 3,160 9/19 23,760 10,810 End. Bal End. Bal. Sales Revenue Cost of Goods Sold 9,790 Beg. Bal. Beg. Bal. 23,760 End. Bal. 23,760 End. Bal. 9,790 Required B Required B GJ Required B GJ Required B GJ Required BT FIFO LIFO WA Acc FIFO Required BT Acc LIFO Required BT Acc WA Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal. 0 3,680 11,190 Beg. Bal. 1/20 4/21 7/25 9/19 3,680 1/20 2,600 4/21 4,420 7/25 2,250 9/19 2,600 4,420 2,250 23,760 12,950 End. Bal. 10,810 End. Bal. 11,190 Sales Revenue Cost of Goods Sold Beg. Bal. Beg. Bal. 23,760 End. Bal. 23,760 End. Bal. Required B Required B GJ Required B G Required B G Required BT FIFO LIFO WA Acc FIFO Required BT Acc LIFO Required BT Acc WA Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Cash Merchandise Inventory Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Cost of Goods Sold Beg. Bal. Beg. Bal. End. Bal. End. Bal.