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Help Please, [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2. Ending inventory consisted of
Help Please,
[The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2. Ending inventory consisted of 52 units. Mason sold 482 units at $120 each. All purchases and sales were made with cash. Operating expenses amounted to $3,750. xercise 5-4A (Algo) Part c . Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average. (Round cost per unit to 3 decimal laces and final answers to the nearest whole dollar amount.)
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