FIFOandLIFOCosts Under Perpetual Inventory System

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

Beginning inventory 20,000 units @ $48

Sale12,606 units @ $74

First purchase 34,000 units @ $51

Sale 28,767 units @ $76

Second purchase21,000 units @ $52

Sale13,430 units @ $78

The firm uses the perpetual inventory system, and there are 20,197 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?

FIFOandLIFOCosts Under Perpetual Inventory System

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

Beginning inventory20,000 units @ $48Sale12,606 units @ $74First purchase34,000 units @ $51Sale28,767 units @ $76Second purchase21,000 units @ $52Sale13,430 units @ $78

The firm uses the perpetual inventory system, and there are 20,197 units of the item on hand at the end of the year.

b.What is the total cost of the ending inventory according to LIFO?

Can someone show me calculations. I tried and can't get it right.