| Purdue Phar... Dell Inspiron 11 30.. - Maryland 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 35 units at $45 Sale 31 units at $70 First purchase 38 units at $46 Sale 36 units at $71 Second purchase 16 units at $49 Sale 8 units at $73 The firm uses the perpetual inventory system, and there are 14 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?