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The Hat Store had the following series of transactions for 2016: Date Transaction Description Jan. 1 Beginning inventory 50 units @ $ 40 Mar. 15

The Hat Store had the following series of transactions for 2016:

Date Transaction Description
Jan. 1 Beginning inventory 50 units @ $ 40
Mar. 15 Purchased 200 units @ $ 42
May 30 Sold 170 units @ $ 95
Aug. 10 Purchased 275 units @ $ 46
Nov. 20 Sold 340 units @ $ 96

Required

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.

ending inventory:

units:

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