[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:

January 20	Purchased 490 units @ $8 =	$ 3,920
April 21	Purchased 130 units @ $9 =	1,170
July 25	Purchased 240 units @ $11 =	2,640
September 19	Purchased 80 units @ $13 =	1,040

During the year, The Shirt Shop sold 780 T-shirts for $18 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.

Note: Round intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount.