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

Beginning inventory	33,000 units @ $50
Sale	32,167 units @ $73
First purchase	25,000 units @ $53
Sale	25,091 units @ $74
Second purchase	20,000 units @ $56
Sale	2,077 units @ $74

The firm uses the perpetual inventory system, and there are 18,665 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?