Hi,

I need help with answer B.

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

Beginning inventory	31 units at $50
Sale	23 units at $78
First purchase	35 units at $51
Sale	31 units at $78
Second purchase	27 units at $53
Sale	15 units at $80

The firm uses the perpetual inventory system, and there are 24 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 -1272

b. What is the total cost of the ending inventory according to LIFO? $fill in the blank 2