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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, tsfirst year of operations
The following information applies to the questions displayed below] The Shirt Shop had the following transactions for T-shirts for Year 1, tsfirst year of operations 28 Purchased 440 unitss8-$3,520 Apr. 21Purchased 248 units $ 10e 2,480 uly 25 Purchased 320 units 13 4,160 Sept. 19 Purchased 130 units 15 1,950 During the year, The Shirt Shop sold 930 T-shirts for $24 each. Required ory 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 2decimal places and finel answers to the nearest whole dollar amount.) Answer is complete but not entirely correct Ending 0 LIFO di
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