FIFO and LIFO costs under perpetual inventory systemThe following units of an item were available for sale during the year:Beginning inventory$9,200$ units at $$150$Sale$5,400$ units at $$250$First purchase$12,800$ units at $$155$Sale$10,400$ units at $$250$Second purchase$14,100$ units at $$162$Sale$12,600$ units at $$250$The firm uses the perpetual inventory system, and there are $7,700$ 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 $2$