Question: Please help with this question with explanation. Thank you!! For this Question I need help finding the weighted average. The IFFO and LIFO questions re

Please help with this question with explanation. Thank you!!Please help with this question with explanation. Thank you!! For this Question

For this Question I need help finding the weighted average. The IFFO and LIFO questions re correct. Just help finding the weighted average. Thank you. I need help finding the weighted average. The IFFO and LIFO questions

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. During the year, The Shirt Shop sold 1,200 T-shirts for $24 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.) Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2. Ending inventory consisted of 34 units. Mason sold 392 units at $66 each. All purchases and sales were made with cash. Operating expenses amounted to $3,075. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average. (Round cost per unit to 3 decimal aces and final answers to the nearest whole dollar amount.)

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