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 $ - $4,720 390 units @ $ 10 - 3.900 470 unitse $ 13 6,110 280 units @ $ 15 - 4,200 During the year, The Shirt Shop sold 1,380 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