Chapter 5 Homework A Saved Required information Exercise 5-5 Effect of inventory cost flow on ending inventory balance and gross margin LO 5-1 (The following information applies to the questions displayed below.) Part 1 of 2 The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations: 11.11 points Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 80 units 210 units 60 units @ $ 10 = @ $ 11 = @ $ 13 = @ $ 14 = $3,300 880 2,730 840 eBook Hint During the year, The Shirt Shop sold 520 T-shirts for $19 each. Print References Exercise 5-5 Part a 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. (Round Intermediate calculations to 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Weighted Average Ending inventory