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

Beginning inventory	30 units at $42
Sale	25 units at $59
First purchase	40 units at $43
Sale	38 units at $60
Second purchase	27 units at $45
Sale	22 units at $61

The firm uses the perpetual inventory system, and there are 12 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?