FIFO and LIFO Costs Under Perpetual Inventory System

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

Beginning inventory	20,000 units @ $50
Sale	15,891 units @ $75
First purchase	24,000 units @ $52
Sale	11,826 units @ $76
Second purchase	27,000 units @ $53
Sale	23,253 units @ $77

The firm uses the perpetual inventory system, and there are 20,030 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