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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 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 150 units 240 units 60 units @ @ $ 7 - S8 - $10 - $12- $2,310 1.200 2,400 720 During the year, The Shirt Shop sold 620 T-shirts for $17 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 intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. FIFO LIFO Weighted Average Ending inventory 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 ope Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 150 units 240 units 60 units @ @ @ @ $7 - $ 8 - $10 = $12 = $2,310 1,200 2,400 720 During the year, The Shirt Shop sold 620 T-shirts for $17 each. b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumption FIFO LIFO Difference Gross margin