MindTap ding: Corporate Financial Acc x Mind Tap - Cengage Learning CengageNOWv2 | Online teachin X + ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Show Me How FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 30 units at $43 Sale 21 units at $67 First purchase 40 units at $44 Sale 39 units at $69 Second purchase 27 units at $47 Sale 25 units at $69 The firm uses the perpetual inventory system, and there are 12 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? DI Check My Work % e