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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
Date Transaction Description
January Beginning inventory units @ $
March Purchased units @ $
May Sold units @ $
August Purchased units @ $
November Sold units @ $
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 decimal places.
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