Solve the problem. Round to the nearest dollar unless otherwise stated.The Men's Shop made the following purchases of dress shirts:Beginning inventory:50 shirts at $73.89March:60 shirts at $46.90 June:75 shirts at $83.35August:35 shirts at $76.43A September inventory found 131 shirts remaining. Find the inventory value using the weighted average, FIFO, and LIFO methods. Round amounts to the nearest cent.
A. Weighted average: $9190.72
FIFO: $8258.85
LIFO: $9911.20
B. Weighted average: $15,434.80
FIFO: $9679.59
LIFO: $10,012.33
C. Weighted average: $9190.72
FIFO: $9911.20
LIFO: $8258.85
D. Weighted average: $9188.67
FIFO: $6143.90
LIFO: $10,918.85
Answer: C
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