FIFO and LIFO costs under perpetual inventory system

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

Beginning inventory	8,100	units at $200
Sale	5,200	units at $320
First purchase	15,300	units at $203
Sale	12,700	units at $320
Second purchase	16,300	units at $213
Sale	13,700	units at $320

The firm uses the perpetual inventory system, and there are 8,100 units of the item on hand at the end of the year.

FIFO and LIFO costs under perpetual inventory system
The following units of an item were available for sale during the year:
	Quantity	Price
Beginning inventory	8,100	$200
Sale	5,200	$320
First purchase	15,300	$203
Sale	12,700	$320
Second purchase	16,300	$213
Sale	13,700	$320
Ending inventory	8,100
Using formulas and cell references, perform the required analysis, and input your answers into the Inventory Cost column. Transfer the numeric results for the green entry cells (B16:B17) into the appropriate fields in CNOWv2 for grading.
	Inventory Cost	Formulas
FIFO method
LIFO method

1. What is the total cost of the ending inventory according to FIFO? Round your answer to the nearest dollar.

   $ fill in the blank 2

2. What is the total cost of the ending inventory according to LIFO? Round your answer to the nearest dollar.

   $ fill in the blank 3