Required information [The following information applies to the questions displayed below.] The Clothes Store had the following transactions for T-shirts for Year 1, its first year of operations. January 20 $4,050 Purchased 450 units @ $9= Purchased 250 units @ $11 = Purchased 330 units @ $14 = Purchased 140 units @ $16 = April 21 July 25 September 19

2,750 4,620 2,240 During the year, The Clothes Store sold 960 T-shirts for $25 each. Required a. Compute the amount of ending Inventory The Clothes Store would rep on the balance sheet, assuming the following cost flow assumptions: (1) FIFO and (2) weighted average. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Gadin

Required information (The following information applies to the questions displayed below.) The Clothes Store had the following transactions for T-shirts for Year 1, Its first year of operations. During the year, The Clothes Store sold 960 T-shirts for $25 each. Required a. Compute the amount of ending inventory The Clothes Store would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO and (2) weighted average. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.)