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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

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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 Purchased Apr. 21 Purchased July 25 Purchased Sept. 19 Purchased 440 units @ $6 = $2,640 140 units @ $ 8 = 1,120 210 units @ $ 10 = 2,100 80 units @ $12 960 During the year, The Shirt Shop sold 690 T-shirts for $17 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 intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Weighted Average Ending inventory

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