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Required information [The following information applies fo the questions displayed below] The Shirt Shop had...

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Accounting

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Required information [The following information applies fo the questions displayed below] The Shirt Shop had the following transactions for T-shints for Year 1 , its first year of operations During the year, The Shirt Shop sold 680 T-shirts for $20 each. Required o. 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. Note: Round intermediate calculations to 2 decimal ploces and final answers to neorest whole dollar amount

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