Urgent

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: During the year. The Shir Shop sold 530 T.shifts for $15 each. Required . Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost fow assumptions: (1) FiFO, (2) LIFO, and (3) weighted overoge Note: Round intermediate calculations to 2 decimal pleces and final snswers to neerest whole dollor amount. (3) Answer is complete but not entirely correct. 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. During the year, The Shirt Shop sold 530 T-shirts for $15 each b. Compute the difference in gross margin between the FiFO and LiFO cost flow assumptions