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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 160 units $ 52 Ending inventory consisted of 64 units. Mason sold 542 units at $156 each. All purchases and sales were made with cash. Operating expenses amounted to $4,200 b. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.) (Round cost per unit to 3 decimal places and other intermediate answers and final answers to the nearest whole dollar amount.) FIFO LIFO Weighted

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