FIFO and LIFO Costs Under Perpetual Inventory System The following units of a particular item were available for sale during the year: Beginning inventory 45 units @ $44 Sale 17 units @ $68 First purchase 34 units @ $45 Sale 26 units @ $70 Second purchase 15 units @ $47 Sale 30 units @ $71 The firm uses the perpetual inventory system, and there are 21 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to FIFO? What Is the total cost of the ending inventory according to LIFO