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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, its first year

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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, its first year of operations: Jan. 20 Purchased Apr. 21 Purchased July 25 Purchased Sept. 19 Purchased 440 units 140 units 210 units 80 units @ @ @ @ $ 6 = $ 8 = $10 = $12 = $2.640 1,120 2,100 960 During the year, The Shirt Shop sold 690 T-shirts for $17 each. Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the FIFO cost flow assumption FIFO Ending inventory

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