FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 28 units at $49 Sale 5 units at $74 First purchase 30 units at $50 Sale 43 units at $75 Second purchase 13 units at $53 Sale 9 units at $77 The firm uses the perpetual inventory system, and there are 14 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to LIFO?