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[ The following information applies to the questions displayed below. ] The following information pertains to Mason Company for Year 2 . Beginning inventory 9

[The following information applies to the questions displayed below.]
The following information pertains to Mason Company for Year 2.
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.

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