FIFO and LIFO Costs Under Perpetual Inventory System

The following units of a particular item were available for sale during the year:

Beginning inventory	49 units @ $50
Sale	26 units @ $75
First purchase	15 units @ $51
Sale	24 units @ $75
Second purchase	28 units @ $54
Sale	27 units @ $76

The firm uses the perpetual inventory system, and there are 15 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? $