The following units of an item were available for sale during the year: Beginning inventory 30,000 units @ $47 Sale 29,176 units @ $68 First purchase 38,000 units @ $50 Sale 32,721 units @ $69 Second purchase 25,000 units @ $51 Sale 22,796 units @ $69 The firm uses the perpetual inventory system, and there are 8,307 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 1 b. What is the total cost of the ending inventory according to LIFO