Saved Help Save 5 Homework O 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 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 500 units @ $ 7$3,500 300 units @ $ 92,700 380 units @ $ 124,560 190 units @ 514 2,660 During the year, The Shirt Shop sold 1,110 T-shirts for $23 each b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO. (2) LIFO, and (3) weighted average. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Complete this question by enterina Vouran Complete this question by entering your answers in the tabs below. Required B Required BG Required BG Required BG Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general Journal form using FIFO method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) HERE View transaction list View journal entry worksheet General Journal Income tax expense No Credit Debit Date Year 1 1 ce Journal entry worksheet Journal entry worksheet Post to 1-accounts using weighted average method. Assume all transactions are cash transactions. (Round decimal places and final answers to the nearest whole dollar amount.) Cash Merchandise Inventory Beg. Bal Beg. Bal End. Bal Sales Revenue Cost of Goods Sold Beg. Bal Beg. Bal End. Bal End. Bal