FIFO and LIFO Costs Under Perpetual Inventory System

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

Beginning inventory	28,000 units @ $46
Sale	10,555 units @ $74
First purchase	33,000 units @ $47
Sale	31,915 units @ $76
Second purchase	30,000 units @ $49
Sale	19,218 units @ $76

The firm uses the perpetual inventory system, and there are 29,312 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