Question
The Hat Store had the following series of transactions for Year 2, Date January 11 March 15 May 30 August 10 November 20 Required
The Hat Store had the following series of transactions for Year 2, Date January 11 March 15 May 30 August 10 November 20 Required Transaction Beginning inventory Purchased Sold Purchased Sold Description 50 units @ $19.50 205 units @ $23.50 170 units @ $23.50 255 units 0 $24.50 325 units @ $42.50 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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