During June, the following changes in inventory item 27 took place:

June 1		Balance		1,430 units	@ $34
8		Sold		320 units	@ $70
10		Sold		1,110 units	@ $64
14		Purchased		850 units	@ $56
24		Purchased		660 units	@ $44
29		Sold		450 units	@ $65

Perpetual inventories are maintained.

(a)

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What is the cost of the ending inventory for item 27 under the FIFO method?

Cost of the ending inventory

$

(b)

What is the cost of the ending inventory for item 27 under the LIFO method?

Cost of the ending inventory

$