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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 2018, is first year
Required information The following information applies to the questions displayed below The Shirt Shop had the following transactions for T-shirts for 2018, is first year of operations Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 3 units 30 nits 220 units 78 units es 4 - $1,320 @S 6 439 S8 1,760 S18 700 During the year, The Shirt Shop sold 530 T shirts for $15 each Required .. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions in FIFO (2) LIFO and (3) weighted average (Round intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Werghted Average Ending inventory
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