What is the cost of goods and merchandise inventory usimg LIFO

Required information [The following information applles 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 990 T-shirts for $24 each. 2. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average nethods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Complete this question by entering your answers in the tabs below. Record the above transactions in general fournal form using Lifo method. Assume all transactions are cash transactions. (If no entry is required for a transactionvevent, select "No journal entry required" in the first account field.)