er 5 Assignment i Saved ces Required information [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: Jan. 201 Purchased 440 units $9 $3,960 Apr. 21 Purchased 150 units $10- 1,500 July 25 Purchased 240 units $11- 2,640 Sept. 19 Purchased 80 units $12- 960 During the year, The Shirt Shop sold 720 T-shirts for $17 each. Check my work 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 Ending inventory $ 2,170 $ 1,710 Weighted Average < Prev 5 6 of 10 Next >