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The following units of an item were available for sale during the year: Line Item...

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Accounting

The following units of an item were available for sale during the year: Line Item Description Units and Cost Beginning inventory 42 units at $50 Sale 38 units at $78 First purchase 29 units at $53 Sale 25 units at $79 Second purchase 30 units at $55 Sale 10 units at $79 The firm uses the perpetual inventory system, and there are 28 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

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