Chapter 5 Homework Saved Help Save & Exit Submit Check my work Exercise 5-9A Effect of cost flow on ending inventory: intermittent sales and purchases LO 5-1 12.5 points The Hat Store had the following series of transactions for Year 2: (8 02:27:58 Date Jan. 1 Mar. 15 May 30 Aug. 10 Nov. 20 Transaction Beginning inventory Purchased Sold Purchased Sold Description 30 units $22.50 200 units @ $26.50 160 units $44.50 290 units $27.50 350 units $44.50 Book Hint 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.) References Ending inventory units