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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 Year 1, its first

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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 Year 1, its first year of operations. January 20 Purchased 400 units @ $ 8 $3,200 April 21 Purchased 200 units @ $10 2,000 July 25 Purchased 280 units @ $13 3,640 September 19 Purchased 90 units a $15 1,350 During the year, The Shirt Shop sold 810 T-shirts for $20 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 WA Required B Required BG Required 8 GJ Required B G Required BT Required BT Required BT FIFO LIFO Acc FIFO Acc LIFO Acc WA Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet

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