Question: I need help with this question, thank you for the help FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item

I need help with this question, thank you for the help

FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 30 units at $46 Sale 27 units at $74 First purchase 40 units at $47 Sale 38 units at $76 Second purchase 17 units at $50 Sale 7 units at $77 The firm uses the perpetual inventory system, and there are 15 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

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