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Required atlon Exercise 5-5A Effetton Inventory balance and gross [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. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 470 units @ $ 7 = $3,290 270 units @ $ 9 = 2,430 350 units @ $ 12 = 4,200 160 units @ $ 14 - 2,240 During the year. The Shirt Shop sold 1,020 T-shirts for $23 each. 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 cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Ending Inventory FIFO LIFO Weighted average