9-48 Chapter 9 Inventory: Measurement the following requirements for each separate case. The following information was available for Mason Corporation for 2020. Problem 9-83 Computing Inventory Values, Identifying Inventory Costs, and Sales Beginning inventory.. Freight out Purchases Sales commissions Average, FIFO and LIFO LO1, 2,3,5 36,000 9,000 43,000 5,000 60,000 What is Mason's ending inventory? a. b. What is Mason's gross margin? .Warehouse Costs Which of the following, if any, is included in inventory cost Assume costs are mate Insurance on Raw Materials in Transit Kemp Company had the following consignment transactions during December 2020. 3. Inventory on consignment to Ace Company Freight paid by Kemp. Inventory received on consignment from Fenn Inc................ $9,000 450 6,000 250 No sales of consigned goods were made through December 31, 2020. Kemp's December 31, 2020, balance sheet should include consigned inventory at what value? Ward Inc. had an inventory of 1.600 units valued at $4.00 each to begin the month. Ward sold 800 units on the 15th of th a. What is the month-end inventory cost using moving average and the perpetual system? b. What is the month-end inventory cost using FIFO and the periodic system? c. What is the month-end inventory cost using LIFO and the periodic system? d. What is the month-end inventory cost using LIFO and the perpetual system? 4. e month, and purchased 2,400 units at $4.80 each on the next to the last day of the month. r; na For ile maior problem 9-84