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Required information Exercise 5-4A Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5-1 [The following information applies to the

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Required information Exercise 5-4A Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5-1 [The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 90 units @ $40 310 units a $45 Ending inventory consisted of 30 units. Mason sold 370 units of $90 each. All purchases and sales were made with cash, Operating expenses amounted to $4,100 Exercise 5-4A Part 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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