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 520 units @ $ 9 - $4,630 320 units @ $ 11 3,520 400 units @ $ 14 - 5,600 210 units @ $ 16 3,360 During the year, The Shirt Shop sold 1,170 T-shirts for $25 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 We sted avera Nav! 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 520 units @ $ 9 = $4,680 320 units @ $ 11 = 3,520 400 units @ $ 14 = 5,600 210 units @ $ 16 = 3,360 During the year, The Shirt Shop sold 1170 T-shirts for $25 each. b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO. (2) LIF a separate set of journal entries and T-accounts for each method. Assume all transactions are cash tra Complete this question by entering your answers in the tabs below. Required B Required B G Required B G) Required B GJ Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Required BT Acc WA Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round decimal places and final answers to the nearest whole dollar amount.) Cash Merchandise Inventory Bog Bal Beg Bal