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Required information [ The following information applies to the questions displayed below. ] The following information pertains to Mason Company for Year 2 : Beginning
Required information
The following information applies to the questions displayed below.
The following information pertains to Mason Company for Year :
Beginning inventory
Units purchased
units @ $
units @ $
Ending inventory consisted of units. Mason sold units at $ each. All purchases and sales were made with cash.
Operating expenses amounted to $
b What is the amount of net income using FIFO, LIFO, and weighted average? Ignore income tax considerations.
Note: Round cost per unit to decimal places and other intermediate answers and final answers to the nearest whole dollar
amount.
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