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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 400 units @ $ 8= $ 3,200
April 21 Purchased 200 units @ $ 10=2,000
July 25 Purchased 280 units @ $ 13=3,640
September 19 Purchased 90 units @ $ 15=1,350
During the year, The Shirt Shop sold 810 T-shirts for $20 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.

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