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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 inventory Units purchased
Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2. Beginning inventory Units purchased 104 units @ $24 334 units @ $36 Ending inventory consisted of 36 units. Mason sold 402 units at $72 each. All purchases and sales were made with cash. Operating expenses amounted to $3,150. 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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