Chapter 5 - Part 2 Homework (graded) Seved Save & Exit Submit 7 Check my work Required information Exercise 5-5A 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: Part 2 of 3 909 point Jan. 20 Apr. 21 July as Sept. 19 Purchased Purchased Purchased Purchased 510 units $9.54.590 310 units @ $11.3.410 390 units @ $ 14 - 5,460 200 units @ $16 - 3,200 supped During the year, The Shirt Shop sold 1,140 T-shirts for $25 each Exercise 5-5A Part b b. Record the above transactions in general journal form and post to Taccounts using (1) FIFO. 2) LIFO and (3) weighted average. 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 Required BG Required B GJ Required 8 GJ Required By Required BT PIPO LIFO WA Acc FIFO Acc UFO Required BT Acc WA Record the above transactions in general Journal form. (If no entry is required for a transaction/event, select "No journal entry required" In the first serunt