FIFO and IIFO 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 7,400 units of the item on hand at the end of the year, This information has been collected in the Microsot Excel Online file, Open the spreadshfet, perform the required analysis, and input vour answern in the questions belown Open spreadsheet a. What is the total cost of the ending inventory according to Ftfor Round your answer to the nearest dollar. 4 b. What is the total cost of the endine inventory according to Lifor found vout answer to the nearest dollar. s