The shirt shop had the following transactions for t-shirts for year 1, its first year of operations: jan. 20 purchased 400 units @ $ 8 = $ 3,200 apr. 21 purchased 200 units @ $ 10 = 2,000 july 25 purchased 280 units @ $ 13 = 3,640 sept. 19 purchased 90 units @ $ 15 = 1,350 during the year, the shirt shop sold 810 t-shirts for $20 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.)

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?