please answer both gross margin and ending inventory thanks!!

Learning Objective: Module 2-7 Show how different inventory cost flow methods (specific identification, FIFO, LIFO, and weighted average) affect financial statements The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Jan. 201 Purchased Apr. 21 July 25 Purchased Purchased Sept. 19 Purchased 400 units 130 units 250 units 100 units During the year, The Shirt Shop sold 720 T-shirts for $15 each. Required Required A Required B 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 b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions @ 54 @16- @$0- @ $10- Complete this question by entering your answers in the tabs below. Ending inventory FIFO $1,600 780 2,000 1,000 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 the nearest whole dollar amount.) LIFO Weighted Average Learning Objective: Module 2-7 Show how different inventory cost flow methods (specific identification, FIFO, LIFO, and weighted average) affect financial statements 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 400 units 130 units 250 units 100 units $10 During the year, The Shirt Shop sold 720 T-shirts for $15 each Required $1,600 780 2,000 1,000 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. b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions Required A Complete this question by entering your answers in the tabs below. Gross margin Rired B Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. FIFO LIFO Difference