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The following information applies to the questions displayed below. The following information pertains to Mason Company for Year 2: Beginning inventory148 units e Units purchased
The following information applies to the questions displayed below. The following information pertains to Mason Company for Year 2: Beginning inventory148 units e Units purchased 422 units s 69 Ending inventory consisted of 58 units. Mason sold 512 units at $138 each. All purchases and sales were made with cash. Operating expenses amounted to $3.975 Required a. Compute the gross margin for Mason Company using the following cost flow assumptions O FIFO.(2 LIFO. and (3) weighted average. (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.) Gross Margin FIFO LIFO Weighted average
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