eBookShow Me How Question Content Area FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Line Item Description Units and Cost Beginning inventory 35 units at $44 Sale 32 units at $68 First purchase 21 units at $45 Sale 13 units at $69 Second purchase 20 units at $47 Sale 14 units at $69 The firm uses the perpetual inventory system, and there are 17 units of the item on hand at the