| Marigold Corp. had 1,700 units of part M.O. on hand May 1, 2020, costing $25 each. Purchases of part M.O. during May were as follows. | | Units | | Units Cost | May 9 | | 2,200 | | $26 | 17 | | 3,700 | | 28 | 26 | | 1,200 | | 29 | A physical count on May 31, 2020, shows 2,200 units of part M.O. on hand. Using the FIFO method, what is the cost of part M.O. 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, e.g. 15.25 and final answers to 0 decimal places, e.g. 1,620.) | | FIFO | | LIFO | | Average Cost | Inventory Cost | | $enter a dollar amount rounded to 0 decimal places | | $enter a dollar amount rounded to 0 decimal places | | $enter a dollar amount rounded to 0 decimal places | | LINK TO TEXT LINK TO TEXT LINK TO TEXT | | | | |