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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: Jan. 20 Purchased 500 units @ $ 7 = $3,500 Apr. 21 Purchased 300 units @ $ 9 = 2,700 July 25 Purchased 380 units @ $12 = 4,560 Sept. 19 Purchased 190 units @ $14 = 2,660 During the year, The Shirt Shop sold 1.110 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 $ $ 7.220 6.200 ,710 S 6