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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 2016, its first year of operationst During the year, The Shirt Shop sold 810 T-shirts for $20 eoch. b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO, (2) LFO, and (3) weighted average. Use a separate set of journal entries and T accounts for each method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field) Record the entry for purchase of inventory for cash on January 20. 2 Record the entry for purchase of inventory for cash on April 21. 3 Record the entry for purchase of inventory for cash on July 25. 4 Record the entry for purchase of inventory for cash on September 19. Note : = journal entry has been entered 1. FIFO Sales and Cost of goods sold 2. LIFO Sales and Cost of goods sold 3. Weighted average Sales and Cost of goods sold 1. FIFO Beg. Bal \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & Sales Revenue \\ \hline & & & \\ \hline & & & \\ \hline End. Bal & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & \multicolumn{3}{|c|}{ Cost of Goods Sold } \\ \hline & & & \\ \hline & & & \\ \hline End. Bal & & & \\ \hline \end{tabular} 2. LIFO 3. Weighted Average

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