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 440 units @ $ 8 - $3,520 240 units @ $ 10 - 2,400 320 units @ $ 13 = 4,160 130 units @ $ 15 1,950 During the year, The Shirt Shop sold 930 T-shirts for $24 each. b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO (2) LIFO, and (3) weighted average. 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 BT Required BT Required 87 Acc FIFO Acc LIFO Acc WA Required B G) Required B G L IFO WA Required B G FIFO Required B Required B Required B GJ Required B G FIFO LIFO Required B GJ Required BT Required BT Required BT WA Acc FIFO Acc LIFO Acc WA 63 Record the above transactions in general journal form using FIFO method. Assume all transactions are cas required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list eBook Journal entry worksheet Hint Ask Print Record sale of inventory for cash. References Note: Enter debits before credits. Debit General Journal Date Credit Year 1 View transaction list Journal entry worksheet Book Hint Ask Record entry for cost of goods sold. Print References Note: Enter debits before credits. Date General Journal Debit Credit Year 1