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Pams Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 210 items at $89 each. The company uses the

Pams Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 210 items at $89 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records.

Date Transaction Description
March 5 Purchased 190 items @ $99
April 10 Sold 115 items @ $193
June 19 Sold 205 items @ $193
September 16 Purchased 140 items @ $104
November 28 Sold 105 items @ $198

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c. Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2, balance sheet. Ending inventory

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