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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
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 35 units @ $20.00 205 units @ $24.00 170 units @ $45.00 290 units @ $25.00 340 units @ $ 45.00 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.) Ending inventory: units @
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