ncte-Sean https://ezto.mheducation.com/ext/map/index.html? conecon&external browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%2 Homework Chapter 5 Saved 4 Pam's Creations had the following sales and purchase transactions during Year 2 Beginning inventory consisted of 60 items at $350 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Description 50 items 5 Date points March 5 April 10 Transaction Purchased Sold $370 30 items $ 450 June 19 Sold 60 items September 16 November 28 Purchased Sold 70 items $450 $ 390 45 items @$ 480 eBook Required a. Record the inventory transactions in a financial statements model. Print b. Calculate the gross margin Pam's Creations would report on the Year 2 income statement. References c. Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2, balance sheet Complete this question by entering your answers in the tabs below. Required A Required Required C Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2, balance sheet. Ending inventory