The following units of an item were available for sale during the year: Beginning inventory Sale First purchase Sale Second purchase Sale 20,000 units @ $41 18,586 units @ $59 30,000 units @ $44 24,244 units @ $59 27,000 units @ $46 8,638 units @ $59 The firm uses the perpetual inventory system, and there are 25,532 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?