The Shirt Shop had the following transactions for T-shirts for Yeart, its first year of operations: Jan. 20 Apr. 22 July 25 Sept. 19 Purchased Purchased Purchased Purchased 490 units 130 units 240 units Be units $8 $3,920 $9 1.17 $11 2,640 $13 1,040 During the year, The Shirt Shop sold 780 T-shirts for $18 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 b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. Complete this question by entering your answers in the tabs below. Required A Required B a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet assuming the following cont flow assumptions: (FIFO (2) LIFO, and (3) weighted average b. Compute the difference in gross margin between the FIFO and LIFO cost tow assumptions Complete this question by entering your answers in the tabs below. Required A Required B 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 intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average Ending inventory Required Required B > Complete this question by entering your answers in the tabs below. Required A Required B Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. FIFO LIFO Difference Gross margin