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Howe Corp. had 1,500 units on hand of part 54169 on May 1, 2020, with a cost of $30 per unit. Howe uses a periodic inventory system. Purchases of part54169 during May were as follows: Units Unit CostMay 9 2,000 $3 117 3,500 3226 1,000 33 A physical count on May 31, 2020, shows 2,000 units of part 5416? on hand. Using the FIFO method, what is the inventory cost of part 54169 at May 31, 2020? Using the weighted average cost formula, what is the inventory cost? {Roundweighted average cost per unit to 2 decimal places, as. 52. 75.) FIFO method, inventory cost of part 54169 $ lWeighted Average cost method, inventory cost $ l