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5 Homework Help Save & Exit 10 Required information Exercise 5-19 Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO
5 Homework Help Save & Exit 10 Required information Exercise 5-19 Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5-6 The following information applies to the questions displayed below. The following information pertains to Mason Company for 2018: art 3 of 3 Beginning inventory Units purchased 90 units $80 300 units$85 Ending inventory consisted of 50 units. Mason sold 340 units at $170 each. All purchases and sales were made with cash. Operating expenses amounted to $2800. Exercise 5-19 Part c c. Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Requirement a. Ignore the effect of income taxes. (Amounts to be deducted should be indicated with a minus sign.) FIFO LIFOV 4
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