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The Hat Store had the following series of transactions for Year 2. Date January 1 March 15 May 30 August 10 November 20 Transaction Beginning
The Hat Store had the following series of transactions for Year 2. Date January 1 March 15 May 30 August 10 November 20 Transaction Beginning inventory Purchased Sold Purchased Sold Description 55 units @ $22.00 210 units @ $26.00 170 units @ $26.00 265 units @ $27.00 340 units $41.50 Required a. Determine the quantity and dollar amount of inventory at the end of the year, assuming The Hat Store uses the FIFO cost flow assumption and keeps perpetual records. (Round your answers to 2 decimal places.) # of units unit cost Ending Inventory (to Balance Sheet) Ending inventory: units @
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