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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

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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 operations: Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 410 units @ $ 9 = $3,690 210 units @ $ 11 = 2,310 290 units @ $ 14 - 4,060 100 units @ $ 16 = 1,600 During the year, The Shirt Shop sold 840 T-shirts for $25 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 cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Ending Inventory FIFO LIFO Weighted average

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