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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 Units purchased 124 units
The following information applies to the questions displayed below. The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 124 units @ $ 34 374 units @ $ 51 Ending inventory consisted of 46 units. Mason sold 452 units at $102 each. All purchases and sales were made with cash. Operating expenses amounted to $3,525. 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
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