FIFO and LIFO Costs Under Perpetual Inventory System

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

Beginning inventory	50 units at $48
Sale	14 units at $72
First purchase	38 units at $49
Sale	44 units at $73
Second purchase	23 units at $52
Sale	46 units at $75

The firm uses the perpetual inventory system, and there are 7 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? $