Calculate the value of inventory on May 31, under FIFO, LIFO and AVCO after the following transactions:

Market value per unit on date of transaction Opening balance, 1 May Receipts, 3 May Issues, 4 May Receipts, 9 May Issues, 11 May Receipts, 18 May Issues, 20 May Closing balance, 31 May Quantity Unit cost Total cost Units 100 2.00 200 400 2.10 840 200 300 2.12 636 400 100 2.40 240 100 200 2.11 2.11 2.15 2.20 2.35 2.35 2.38