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FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: table [ [

FIFO and LIFO Costs Under Perpetual Inventory System
The following units of an item were available for sale during the year:
\table[[Beginning inventory,22,000 units @ $47 Sale 14,897 units @$73, first purchase 33,000 units @ $49, sale, 26,730 units @ $73, second purchase 25000 units @ $51, sale 15943 units @ $74 the firm uses the perpetual inventory system, and there are 22,430 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? $
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