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Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average. Required information [The following information applies to the questions displayed
Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average.
Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: art 3 of 3 Beginning inventory Units purchased 152 units @ $48 430 units @ $72 Ending inventory consisted of 60 units. Mason sold 522 units at $144 each. All purchases and sales were made with cash. Operating expenses amounted to $4,050. c. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average. (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.) Ending Inventory FIFO LIFO Weighted average
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