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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 140 units @ $

[The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: Beginning inventory 140 units @ $ 42 Units purchased 406 units @ $ 63 Ending inventory consisted of 54 units. Mason sold 492 units at $126 each. All purchases and sales were made with cash. Operating expenses amounted to $3,825. Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (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.)

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