The Shirt Shop had the following transections for T-shirts for Year t, its first year of operations: During the year, The Shirt Shop sold 620 T-shirts for $17 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) FFO, (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. Compute the amaunt of ending inventory The shirt Shop would report on the balance sheet, assuming the foliowing cost fiow ascumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Roond intermediate calculations to 2 decimal places and final andwers to the nearest whole dollar amount.) The Shirt Shop had the following transactions for Teshirts for Year 1 , its firat year of operations: During the year. The Shirt Shop 5 old 620 T-shirts for $17 each. Required a. Compute the amount of ending inventory The Shit Shop would report on the balance sheet, assuming the following cast flow assumptions: (1) FFO, (2) UFO, 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 beiow. Compute the difference in gross morgin between the flfo and LtFo cost flow assumptions