eBook Show Me How Calculator FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 22 units at $45 Sale 12 units at $63 First purchase 36 units at $48 Sale 31 units at $64 Second purchase 24 units at $49 20 units at $66 The firm uses the perpetual inventory system, and there are 19 units of the item on hand at the end of the year. a. What is the total cost of the ending Inventory according to FIFO? Sale b. What is the total cost of the ending inventory according to LIFO? Check My Work Previous Save and Exit Submit Assignment ty MacBook Air