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[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

[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 April 21 July 25 September 19 Purchased 330 units prop$7= Purchased 150 units $$8= Purchased 240 units a $10= Purchased 60 units a 12= $2,310 1,200 2,400 720 During the year, The Shirt Shop sold 620 T-shirts for $17 each. 6. Award: 10.00 points 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

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