The following units of an item were available for sale during the year:
Beginning inventory 21,600 units at $20.00
Sale 14,400 units at $40.00
First purchase 48,000 units at $25.20
Sale 36,000 units at $40.00
Second purchase 45,000 units at $26.40
Sale 33,000 units at $40.00
The firm uses the perpetual inventory system, and there are 31,200 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?

Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?