Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 45

FIFO and LIFO costs under perpetual inventory system
The following units of an item were available for sale during the year:

The firm uses the perpetual inventory system, and there are 5,200 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to (a) FIFO, (b) LIFO