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The following units of an item were available for sale during the year:Beginning inventory 2 8 units at $ 4 8 Sale 1 8 units

The following units of an item were available for sale during the year:Beginning inventory28 units at $48Sale18 units at $67First purchase29 units at $49Sale26 units at $68Second purchase24 units at $50Sale15 units at $70The firm uses the perpetual inventory system, and there are 22 units of the item on hand at the end of the year.a. What is the total cost of the ending inventory according to FIFO?$fill in the blank 1b. What is the total cost of the ending inventory according to LIFO?

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