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44395 is not the right answer either HeyunculUl LIUI [The following information applies to the questions displayed below.) The following information pertains to Mason Company
44395 is not the right answer either
HeyunculUl LIUI [The following information applies to the questions displayed below.) The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 164 units @ $ 54 454 units @ $ 81 Ending inventory consisted of 66 units. Mason sold 552 units at $162 each. All purchases and sales were made with cash. Operating expenses amounted to $4,275. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax onsiderations.) (Round cost per unit to 3 decimal places and other intermediate answers and final swers to the nearest whole dollar amount.) > Answer is complete but not entirely correct. FIFO LIFO Veighted average Net Income $ 44,865 $ 43,083 $ 48,667Step by Step Solution
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