The following items were available for sale during the year:

Beginning inventory ........................................... 10 units at $61

First purchase ...................................................... 40 units at $62

Second purchase ................................................. 35 units at $65

Third purchase .................................................... 15 units at $63

(a) Based on the periodic system, the total cost of the 23 units in inventory at the end of the year, according to the first-in, first-out (FIFO) method is:

(b) Based on the data, the total cost of the 23 units in inventory for the last-in, first-out (LIFO) method is: