Question: please help! will give a FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the

please help! will give a

FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory 20,000 units @ $44 Sale 18,656 units @ $62 First purchase 22,000 units @ $46 Sale 21,463 units @ $64 Second purchase 28,000 units @ $47 9,226 units @ $65 The firm uses the perpetual inventory system, and there are 20,655 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? Sale b. What is the total cost of the ending inventory according to LIFO

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