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I can't figure out the first one!! FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale

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FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: 44 units at $49 Beginning inventory Sale 24 units at $74 First purchase 34 units at $51 Sale 5 units at $75 Second purchase 11 units at $54 Sale 5 units at $75 The firm uses the perpetual inventory system, and there are 55 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? 798 b. What is the total cost of the ending inventory according to LIFO? 2,783

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