2 - Chapter 5 Assign x Exercise 5-5 (Nigo) Effect of inv: x C Get Homework Help With Cheg x + Question 2 Chapter 5 Assignment Connect azto mhaducation.com Chapter 5 Assignment 2 om/ext/map/index.html?_con-con&external_browser-0&launchUrl-https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPutz3zbRDfJcQBm6yg4... My Homepage Pearson+ HB WSU BA100 Introd... Lobby Top Hat Dashboard PDF Converter - C... Chegg Search Class Fell 2022 Ed.. Help Save & Exit Submit Saved Part 1 of 2 0.49 points Required Information Exercise 5-5 (Algo) Effect of inventory cost flow on ending inventory balance and gross margin LO 5-1 [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: 23C Mc Graw Hill Hint Ask January 20 2 July 25 September 9 Puronesed 400 units 24- Pred 30 uni 15- Parnased 250 units Puranaad 10 units $7 = $ During the year, The Shirt Shop sold 650 T-shirts for $14 each. Exercise 5-5 (Algo) Part a S600 450 750 540 Required a. 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 places and final answers to nearest whole dollar amount. FIFO LIFO Weighted Average Ending inventory $ 2.290 $ 1,800 $ 1,945 Check my work Im 4:35 70033 11 19