Required information. Problem 5-20A (Algo) Allocating product costs between cost of goods sold and ending inventory: intermittent purchases and sales of merchandise LO 5-1 [The following information applies to the questions displayed below.] Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 280 items at $96 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Transaction Purchased Sold 260 items 150 items Date Description March 5 April 10 June 19 Sold $106 $207 275 items $207 September 16 Purchased. 210 items $111 November 28 Sold 140 items $212 Problem 5-20A (Algo) Part c c. Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2, balance sheet. Ending inventory $ 19,980