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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

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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 168 units $56 462 units 84 Ending inventory consisted of 68 units. Mason sold 562 units at $168 each. All purchases and sales were made with cash. Operating expenses amounted to $4,350. 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 1

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