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Exercise $5-5$A $($Algo$)$ Effect of inventory cost flow on ending inventory balance and gross margin LO $5-1$

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The Shirt Shop had the following transactions for T$-$shirts for Year $1,$ its first year of operations.

January $20$ Purchased $600$ units @ $ $7=$ $$4,200$

April $21$ Purchased $400$ units @ $$9=3,600$

July $25$ Purchased $480$ units @ $$12=5,760$

September $19$ Purchased $290$ units @ $$14=4,060$

During the year, The Shirt Shop sold $1,410$ T$-$shirts for $$23$ each.

Exercise $5-5$A $($Algo$)$ Part a

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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.$)$