The following units of an item were available for sale during the year:

Beginning inventory	43 units at $48
Sale	37 units at $67
First purchase	34 units at $51
Sale	16 units at $69
Second purchase	30 units at $52
Sale	29 units at $70

The firm uses the perpetual inventory system, and there are 25 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?