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The Hat Store had the following series of transactions for Year 2: Date Jan. 1 Mar. 15 May 30 Aug. 10 Nov. 20 Transaction Beginning

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The Hat Store had the following series of transactions for Year 2: Date Jan. 1 Mar. 15 May 30 Aug. 10 Nov. 20 Transaction Beginning inventory Purchased Sold Purchased Sold Description 60 units @ $22.00 175 units e $26.00 170 units $41.50 305 units $27.00 345 units $41.50 Required a. Determine the quantity and dollar amount of inventory at the end of the year, assuming The Hot Store uses the FIFO cost flow assumption and keeps perpetual records. (Round your answers to 2 decimal places.) Ending inventory units

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