FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Beginning inventory Sale First purchase 7,800 units at $180 5,600 units at $300 14,900 units at $185 Sale 13,400 units at $300 Second purchase 15,900 units at $190 14,400 units at $300 Sale The firm uses the perpetual inventory system, and there are 5,200 units of the item on hand at the end of the year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions t Open spreadsheet a. What is the total cost of the ending inventory according to FIFO? Round your answer to the nearest dollar. $ 5,200 X b. What is the total cost of the ending inventory according to LIFO? Round your answer to the nearest dollar. $