1 2 The Hat Store had the following series of transactions for Year 2. 3 4...

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1 2 The Hat Store had the following series of transactions for Year 2. 3 4 Date 5 January 1 Transaction Beginning inventory Description 50 units $40 6 March 15 Purchased 200 units $42 7 May 30 Sold 170 units $95 8 August 10 Purchased 9 November 20 Sold 275 units 340 units @ $46 $96 10 11 Required 12 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 kee 13 14 (Use cell references from the given information above to complete this question.) 15 16 Ending inventory: 17 18 co 10 15 units @ = 1 2 The Hat Store had the following series of transactions for Year 2. 3 4 Date 5 January 1 Transaction Beginning inventory Description 50 units $40 6 March 15 Purchased 200 units $42 7 May 30 Sold 170 units $95 8 August 10 Purchased 9 November 20 Sold 275 units 340 units @ $46 $96 10 11 Required 12 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 kee 13 14 (Use cell references from the given information above to complete this question.) 15 16 Ending inventory: 17 18 co 10 15 units @ =