eBook Show Me How FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 34 units at $43 Sale 17 units at $62 First purchase 31 units at $44 Sale 18 units at $63 Second purchase 12 units at $47 Sale 10 units at $65 The firm uses the perpetual inventory system, and there are 32 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? b. What is the total cost of the ending inventory according to LIFO? Check My Work All work saved