5 Part 3 of 3 Required Information Problem 5-20A Allocating product costs between cost of goods sold and ending inventory: intermittent purchases and sales of merchandise LO 5-1 [The following information applies to the questions displayed below.) 10 points Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 60 items at $350 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Skipped Date Mar. 5 Apr. 10 June 19 Sept. 16 Nov. 28 Transaction Purchased Sold Sold Purchased Sold Description 50 items @$ 370 30 items @$450 60 items @$450 79 items @$390 45 items @$480 eBook ASK Problem 5-20A Part References c. Determine the ending inventory balance Pam's Creations would report on the December 31. Year 2. balance sheet. Ending inventory