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. Required information[The following information applies to the questions displayed below.]The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations:Purchased420 units$ 9$10$12$13$3,780Jan. 20Apr. 21July 25Sept. 19Purchased150 units1,5002,7601,040Purchased230 unitsPurchased80 unitsDuring the year, The Shirt Shop sold 730 T-shirts for $18 eachRequireda. Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the following cost flowassumptions: (1) FIFO, (2) LIFO, and (3) weighted average. Round intermediate calculations to 2 decimal places and final answersto the nearest whole dollar amount.WeightedAverageFIFOLIFOEnding inventory

Name: Compute the amount of ending inventory The Shirt Shop would report on
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: 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