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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: Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 590 units S8 - $4,720 390 units $10 - 3.900 470 units $13 6,110 280 units $15 - 4,200 During the year, The Shirt Shop sold 1,380 T-shirts for $24 each. Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO and (3) weighted average (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Ending Inventory FIFO LIFO Weighted average

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