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Required information [The following information applies to the questions displayed below. = The Shirt Shop...

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Accounting

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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. January 20 Purchased 400 units @ $ 8 $3,200 April 21 Purchased 200 units @ $10 2,800 July 25 Purchased 280 units @ $13 3,640 September 19 Purchased 90 units @ $15 1,350 During the year, The Shirt Shop sold 810 T-shirts for $20 each b. Record the above transactions in general journal form and post to T-accounts assuming () FIFO.(2) LIFO, and (3) weighted average methods. 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. Required B Required B G Required B G Required B G Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Cash Murchandise inventory Bog. Bal Beg. Bal. End. Bal End. Bal Sales Revenue Cost of Goods Sold Beg Bal Beg Bal End. Bal End. Bal.

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