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The amount of net income using FIFO, LIFO & Weighted Average Required information [The fo//owing information applies to the questions displayed be/owJ The following information

The amount of net income using FIFO, LIFO & Weighted Average

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Required information [The fo//owing information applies to the questions displayed be/owJ The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 152 units @ $ 48 430 units e $72 Ending inventory consisted of 60 units. Mason sold 522 units at $144 each. All purchases and sales were made with cash. Operating expenses amounted to $4,050. 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.) Net Income FIFO LIFO Weighted average

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