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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 Purchased 400 unitse 8 $3,200 Apr. 21 Purchased 200 units $10-2,000 July 25 Purchased 280 unitse $13-3,640 Sept. 19 Purchased 90 units $15-1,350 During the year, The Shirt Shop sold 810 T-shirts for $20 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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