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[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 April 21 July 25 September 19 Purchased 330 units @ $5: Purchased 90 units @ $6 = Purchased 210 units @ $8 Purchased 80 units @ $10 = During the year, The Shirt Shop sold 530 T-shirts for $15 each. Ending inventory Required a. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. Note: Round intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount. FIFO = LIFO $ 1,650 540 1,680 800 Weighted Average

[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: During the year, The Shirt Shop sold 530 T-shirts for \$15 each. equired Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following ssumptions: (1) FIFO, (2) LIFO, and (3) weighted average. ote: Round intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount

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