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Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for 2016: Beginning inventory 90 units @

Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for 2016: Beginning inventory 90 units @ $40 Units purchased 310 units @ $45 Ending inventory consisted of 30 units. Mason sold 370 units at $90 each. All purchases and sales were made with cash. Operating expenses amounted to $4,100. 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.) FIFO LIFO Weighted average Ending Inventory

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