The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. January 20 April 21 Purchased 480 units @ $ 9 = Purchased 280 units @ $11 = Purchased 360 units @ $14 = Purchased 170 units @ $16 = July 25 September 19 During the year, The Shirt Shop sold 1,050 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.) FIFO LIFO Weighted average $4,320 3,080 5,040 2,720 Ending Inventory

During the year, The Shirt Shop sold 1,050 T-shirts for $25 each. Required o. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FFO, (2) LIFO, and (3) welghted average (Round cost per unit to 2 decimal places and final onswers to the nearest whole dollar amount.) During the year, The Shirt Shop sold 1,050 T-shirts for $25 each. Required o. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flow assumptions: (1) FFO, (2) LIFO, and (3) welghted average (Round cost per unit to 2 decimal places and final onswers to the nearest whole dollar amount.)