The Shirt Shop had the following transactions for T$-$shirts for Year $1,$ its first year of operations. Required information

$[$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.

During the year, The Shirt Shop sold $840$ T$-$shirts for $$25$ each.

b$.$ Record the above transactions in general journal form and post to T$-$accounts

assuming $(1)$ FIFO, $(2)$ LIFO, and $(3)$ weighted$-$average methods. Use a separate set of

journal entries and T$-$accounts for each method. Assume all transactions are cash

transactions.

January $20$ Purchased $410$ units @ $ $9=$ $$3,690$

April $21$ Purchased $210$ units @ $$11=2,310$

July $25$ Purchased $290$ units @ $$14=4,060$

September $19$ Purchased $100$ units @ $$16=1,600$

During the year, The Shirt Shop sold $840$ T$-$shirts for $$25$ each.

b$.$ Record the above transactions in general journal form and post to T$-$accounts assuming $(1)$ FIFO, $(2)$ LIFO, and $(3)$ weighted$-$average methods. Use a separate set of journal entries and T$-$accounts for each method. Assume all transactions are cash transactions.