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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 3

The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations:
January 20 Purchased 330 units @ $4= $ 1,320
April 21 Purchased 80 units @ $6=480
July 25 Purchased 220 units @ $8=1,760
September 19 Purchased 70 units @ $10=700
During the year, The Shirt Shop sold 530 T-shirts for $15 each.
Exercise 5-5(Algo) Part a
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.
Note: Round intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount.

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