help with answer and explaination please !!

omewo Ch 2 (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 2 Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 140 units 250 units 90 units @ $ 12 - $3,960 @ $ 13 1,820 @ $ 14 3,500 @ $ 16 - 1,440 3 points During the year, The Shirt Shop sold 630 T-shirts for $21 each. ebook 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.) References FIFO LIFO Weighted Average Ending inventory Me Prey 2 3 of 5 il Next > Type here to search o RI E BO 99 hp Chec 3 (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: rt 2 of 2 Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 140 units 250 units 90 units @ $ 12 - $3,960 e $ 13 1,820 @ $ 14 - 3,500 @ $ 16 1,440 During the year, The Shirt Shop sold 630 T-shirts for $21 each. eBook Fint b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. Print eferences LIFO Difference FIFO 5.710 Gross margin S here to search O RI g E a 99 op omewo Ch 2 (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 2 Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 140 units 250 units 90 units @ $ 12 - $3,960 @ $ 13 1,820 @ $ 14 3,500 @ $ 16 - 1,440 3 points During the year, The Shirt Shop sold 630 T-shirts for $21 each. ebook 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.) References FIFO LIFO Weighted Average Ending inventory Me Prey 2 3 of 5 il Next > Type here to search o RI E BO 99 hp Chec 3 (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: rt 2 of 2 Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 330 units 140 units 250 units 90 units @ $ 12 - $3,960 e $ 13 1,820 @ $ 14 - 3,500 @ $ 16 1,440 During the year, The Shirt Shop sold 630 T-shirts for $21 each. eBook Fint b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. Print eferences LIFO Difference FIFO 5.710 Gross margin S here to search O RI g E a 99 op