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FIFO and LIFO Costs Under Perpetual Inventory SystemThe following units of an item were available for sale during the year:The firm uses the perpetual inventory

FIFOandLIFOCosts Under Perpetual Inventory

SystemThe following units of an item were available for sale during

the year:The firm uses the perpetual inventory system, and there are

$10, 400$ 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?

$b $.$ What is the total cost of the ending

inventory according to LIFO?

$

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