0 Required information The following information applies to the questions displayed below. The Shirt Shop...
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0 Required information The following information applies to the questions displayed below. The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations: Jan. 20 Purchased Apr. 21 Purchased July 25 Purchased Sept. 19 Purchased 90 units$8-$3,920 110 units$101,100 250 units $123,000 90 unita $13-1,170 During the year, The Shirt Shop sold 760 T-shirts for $18 each. Required a. Compute the amount of ending Inventory The Shirt Shop would report on the balance sheet, assuming the FIFO cost flow assumption. FIFO Ending inventory
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