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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 55 units @ $20.00 215 units $24.00 190 units @ $38.75 285 units @ $25.00 345 units @ $38.75 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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