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

Sale

Second purchase

Sale

$46$ units at $$44$

$8$ units at $$62$

$36$ units at $$47$

$47$ units at $$62$

$17$ units at $$49$

$12$ units at $$63$

The firm uses the perpetual inventory system, and there are $32$ 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?

$