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10 5 points The Hat Store had the following series of transactions for Year 2: Date Jan. 1 Transaction Beginning inventory Purchased Mar. 15
10 5 points The Hat Store had the following series of transactions for Year 2: Date Jan. 1 Transaction Beginning inventory Purchased Mar. 15 May 30 Sold Aug. 10 Nov. 20 Purchased Sold Description 60 units @ $20.50 200 units @ $24.50 160 units @ $40.00 260 units @ $25.50 345 units @ $40.00 eBook Hint Print References Required a. Determine the quantity and dollar amount of inventory at the end of the year, assuming The Hat Store uses the FIFO cost flow assumption and keeps perpetual records. (Round your answers to 2 decimal places.) Ending inventory: units
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