Question: Q4 Need this solved asap. Please help me. Thank you. FIFO and LIFO costs under perpetual inventory system The following units of an item were

Need this solved asap. Please help me. Thank you.

Q4 Need this solved asap. Please help me. Thank you. FIFO and

FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Beginning inventory 8,600 units at $200 4,800 units at $280 Sale First purchase 14,900 units at $204 Sale 12,500 units at $280 Second purchase 15,400 units at $213 Sale 13,000 units at $280 The firm uses the perpetual inventory system, and there are 8,600 units of the item on hand at the end of the year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. What is the total cost of the ending inventory according to FIFO? Round your answer to the nearest dollar. $ b. What is the total cost of the ending inventory according to LIFO? Round your answer to the nearest dollar. $

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