(a3) Skysong Corp. had 1,740 units of part M.O. on hand May 1, 2020, costing...
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(a3) Skysong Corp. had 1,740 units of part M.O. on hand May 1, 2020, costing $26 each. Purchases of part M.O. during May were as follows. Units Units Cost May 9 2,240 $27 17 3,740 29 26 1,240 30 A physical count on May 31, 2020, shows 2,240 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 $ $ $ e Textbook and Media Save for Later Attempts: unlimited Submit
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