FIFO and EIFO costs under perpetual inventory system The following units of an item were available for sale during the year: The firm uses the perpetual inventory system, and there are 5,400 units of the item on hand at the This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perforn Open spreadsheet a. What is the total cost of the ending inventory according to FIFO? Round your answer to the neares a. What is the total cost of the ending inventory according to FIFO? Round your answer to the nearest dollar. $ b. What is the total cost of the ending inventory according to LIFO? Round your answer to the nearest dollar. $ under perpetual inventory system The following units of an item were available for sale during the year: Using formulas and cell references, perform the required analysis, and input your answers into the in Cost column. Transfer the numeric results for the green entry cells (B16:B17) into the appropriate field CNOWv2 for grading