FIFO and LIFO Costs Under Perpetual Inventory System

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

Beginning inventory $7,200$ units at $$160$

Sale $4,800$ units at $$300$

First purchase $16,000$ units at $$168$

Sale $12,000$ units at $$300$

Second purchase $15,000$ units at $$176$

Sale $11,000$ units at $$300$

The firm uses the perpetual inventory system, and there are $10,400$ 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?

$fill in the blank $1$

b$.$ What is the total cost of the ending inventory according to LIFO?

$fill in the blank $2$