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The Shirt Shop had the following transactions for T - shirts for Year 1 , its first year of operations. January 2 0 Purchased 4

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

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