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3 Check my work Part 3 of 3 Required information Exercise 5 - 4 A ( Algo ) Effect of inventory cost flow ( FIFO

3
Check my work
Part 3 of 3
Required information
Exercise 5-4A (Algo) Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5-1
[The following information applies to the questions displayed below.]
The following information pertains to Mason Company for Year 2:
Beginning inventory 124 units @ $34
Units purchased 374 units @ $51
Ending inventory consisted of 46 units. Mason sold 452 units at $102 each. All purchases and sales were made with cash. Operating expenses amounted to $3,525.
Exercise 5-4A (Algo) Part c
c. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average.
Note: Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.
\table[[,Ending Inventory],[FIFO,],[LIFO,],[Weighted average,]]
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