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Required information [The following information applies to the questions displayed below.) The Shirt Shop had...

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Accounting

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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, January 20 April 21 July 25 September 19 Purchased 600 units @ $7 Purchased 400 units @ $9 Purchased 480 unito e $12 - Purchased 290 units @ $14 - $4,200 3,600 5,760 4,060 During the year, The Shirt Shop sold 1,410 T-shirts for $23 each. b. Record the above transactions in general Journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions Complete this question by entering your answers in the tabs below. Required B Required B GJ Required B G Required B G Required BT Required By Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general joumal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account held.) View transaction list Journal entry worksheet

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