ewonnect education.com%252F/activity/question-gro Chapter 5 - Part 2 Homework (graded) Saved Help Save & Exit Submit Check my work 6 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 1 of 3 9.09 point Jan. 20 Apr, 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 510 units $9.54,590 310 units @ $11. 3,410 390 units $145,460 200 units $16 - 3,200 During the year. The Shirt Shop sold 1,140 T-shirts for $25 each. Exercise 5-5A 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:(0) FIFO (2) LIFO, and (3) weighted average (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Ending Inventory FIFO LIFO Weighted average M Hill