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3 Required information The following information applies to the questions displayed below The following information pertains to Mason Company for Year 2 Pert 3 of
3 Required information The following information applies to the questions displayed below The following information pertains to Mason Company for Year 2 Pert 3 of 3 Beginning inventory units purchased 342 units e s39 188 units $26 Ending Inventory consisted of 38 units. Mason sold 412 units at $78 each. All purchases and sales were made with cash. Operating expenses amounted to $3,225. c. Compute the amount of ending Inventory using (D FIFO. (2) LIFO, and3) welghted average. (Round cost per uni to 3 decimal places and final answers to the nearest whole doller amount.) FIFO LIFO Weighted average
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