(23) Ayayai Corp. had 1,600 units of part M.O. on hand May 1, 2020, costing 523 each. Purchases of part M.O. during May were as follows May 9 17 Units 2,100 3,600 1.100 Units Cost $24 25 26 26 A physical count on May 31, 2020. shows 2.100 units of part M.O. on hand. Using the FIFO method, what is the cost of part MO. inventory at May 31 2020? Using the LIFO method, what is the inventory cost? Using the average-cost method what is the inventory cost? (Round average cost per unit to 2 decimal places, eg 15.25 and final answers to decimal places, es 1,620) FIFO LIFO Average Cost Inventory Cost Ayayai Corp. had 1,600 units of part M.O. on hand May 1, 2020, costing $23 each. Purchases of part M.O.during May were as follows. May 9 17 26 Units 2.100 3.600 1.100 Units Cost $24 25 26 A physical count on May 31, 2020, shows 2.100 units of part M.O.on hand. Using the FIFO method, what is the cost of part MO. inventory at May 31, 2020? Using the LIFO method, what is the inventory cost? Using the average-cost method, what is the inventory cost? (Round average cost per unit to 2 decimal places, &.3. 15.25 and final answers to decimal places, eg. 1,620) FIFO LIFO Average Cost Inventory Cost