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The Hat Store had the following series of transactions for Year 2 Date Jan. 1 Mar. 15 Transaction Beginning inventory Purchased Sold Purchased 3old Description

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The Hat Store had the following series of transactions for Year 2 Date Jan. 1 Mar. 15 Transaction Beginning inventory Purchased Sold Purchased 3old Description 65 units @ $21.00 175 units @ $25.00 170 units @ $44.00 290 units @ $26.00 345 units @ $44.00 May 30 Aug. 10 Nov. 20 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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