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The Hat Store had the following series of transactions for Year 2 . Date Transaction Description January 1 Beginning inventory 6 5 units @ $

The Hat Store had the following series of transactions for Year 2.
Date Transaction Description
January 1 Beginning inventory 65 units @ $20.00
March 15 Purchased 220 units @ $24.00
May 30 Sold 160 units @ $24.00
August 10 Purchased 215 units @ $25.00
November 20 Sold 325 units @ $40.00
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.)

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