Pams Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 270 items at $95 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records.

Date	Transaction	Description
Mar. 5	Purchased	250 items @	$	105
Apr. 10	Sold	145 items @	$	205
June 19	Sold	265 items @	$	205
Sept. 16	Purchased	200 items @	$	110
Nov. 28	Sold	135 items @	$	210

Problem 5-20A Part c

c. Determine the ending inventory balance Pams Creations would report on the December 31, Year 2, balance sheet.