5 Assignment i Saved Check my work 0 Required information (The following information applies to the questions displayed below) The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 440 units $9 - $3,960 150 units $ 10 - 1,500 240 unita $ 11 - 2,640 80 units $ 12 960 During the year, The Shirt Shop sold 720 T-shirts for $17 cach . 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 intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO 2,170 $ 1,710 Weighted Average Ending inventory