FIFO and LIFO Costs Under Perpetual Inventory System

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

Beginning inventory	43 units @ $48
Sale	37 units @ $70
First purchase	31 units @ $50
Sale	28 units @ $71
Second purchase	20 units @ $51
Sale	15 units @ $71

The firm uses the perpetual inventory system, and there are 14 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? $