Remember, round dollar amounts to the nearest hundredths place (Ex: $1.00 or $199.99). Round GMROI values to the nearest hundredths place (Ex: 2.76 or 1.20) 1. One hundred hats were purchased for your department for $10.00 each at the beginning of the season. Two months later, 50 more hats were purchased for $12.00 each (due to a price increase by the vendor). At the end of the season, 13 hats remained in inventory. a. Calculate the value of the 13 hats in ending inventory based on the FIFO method. (2 points) b. Calculate the value of the 13 hats based on the LIFO method. (2 points)