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FIFO and LIFO costs under perpetual inventory system The following units of an item were...

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Accounting

FIFO and LIFO costs under perpetual inventory system
The following units of an item were available for sale during the year:
Beginning inventory 25 units at $45
Sale
19 units at $65
First purchase
17 units at $46
Sale
14 units at $65
Second purchase
27 units at $49
Sale
26 units at $65
The firm uses the perpetual inventory system, and there are 10 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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