FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 24,000 units @ $50 Sale 16,003 units @ $73 First purchase 29,000 units @ $52 Sale 19,873 units @ $75 Second purchase 26,000 units @ $55 Sale 18,714 units @ $76 The firm uses the perpetual inventory system, and there are 24,410 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