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

The Hat Store had the following series of transactions for 2016: Date Jan. 1 Beginning inventory 40 units $18.50 Mar. 15 Purchased May 30 Sold Aug. 10 Purchased Nov. 20 Sold Transaction Description 175 units $22.50 160 units $42.50 310 units $23.50 350 units $42.50 Required Determine the quantity and dollar amount of inventory at the end of the year, assuming The Hat Store use:s the FIFO cost flow assumption and keeps perpetual records. (Round your answers to 2 decimal places.) Ending inventory: units @