Required information [The following information applies to the questions displayed below.] Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 290 items at $97 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Date Transaction March 5 April 10 June 19 Purchased Sold Sold September 16 Purchased November 28 Sold Description 270 items 155 items $209 285 items @ $209. $105 220 items @ $112 145 items @ $214 c. Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2, balance sheet. Ending inventory