FIFO and LIFO Costs Under Perpetual Inventory System The following units of a particular item were available for sale during the year: Beginning inventory 22 units @ $48 Sale 12 units @ $67 First purchase 28 units @ $51 Sale 15 units@ $69 Second purchase 25 units @ $52 Sale 9 units @ $71 The firm uses the perpetual inventory system, and there are 39 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to FIFO? $ ________ What is the total cost of the ending inventory according to LIFO? $______________