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Your answer is incorrect. Tamarisk Corp. had 1,940 units of part M.O. on hand May 1, 2020, costing $30 each. Purchases of part M.O.
Your answer is incorrect. Tamarisk Corp. had 1,940 units of part M.O. on hand May 1, 2020, costing $30 each. Purchases of part M.O. during May were as follows. Units Units Cost May 9 2,440 $32 17 3,940 33 26 1,440 35 A physical count on May 31, 2020, shows 2,440 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 Inventory Cost $ eTextbook and Media LIFO Average Cost
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