The Shirt Shop had the following transactions for T-shirts for Year 1. its first year of operations Jan. 20 Apr. 21 July 25 Purchased Purchased Purchased Purchased 420 units $ 8 - 220 units @ $ 10 - 300 units $13 - 110 units $15 - $3,360 2,200 3,900 1.650 During the year, The Shirt Shop sold 870 T-shirts for $24 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.) Ending Inventory FIFO |LIFO Weighted average