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Sunland Corp. had 1,880 units of part M.O. on hand May 1, 2020, costing $29 each. Purchases of part M.O. during May were as follows.
Sunland Corp. had 1,880 units of part M.O. on hand May 1, 2020, costing $29 each. Purchases of part M.O. during May were as follows. Units Units Cost May 9 2,380 $30 32 17 3,880 1,380 26 33 A physical count on May 31, 2020, shows 2,380 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 O decimal places, e.g. 1,620.) FIFO LIFO Average Cost Inventory Cost $
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