equired information The following information applies to the questions displayed am's Creations had the following sales and purchase transactions dur ing Year 2 Beginning inventory consisted of 22 tems at $98 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records Transaction Description Purchased Date Mar. 5 Apr. 10Sold June 19 Sold Sept. 16 Purchased Nov. 28 Sold 280 items 160 items$211 295 items$211 230 items$113 150 items $216 equired information The following information applies to the questions displayed am's Creations had the following sales and purchase transactions dur ing Year 2 Beginning inventory consisted of 22 tems at $98 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records Transaction Description Purchased Date Mar. 5 Apr. 10Sold June 19 Sold Sept. 16 Purchased Nov. 28 Sold 280 items 160 items$211 295 items$211 230 items$113 150 items $216