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The following information pertains to Mason Company for 2016: Ending inventory consisted of 30 units. Mason sold 370 units at $90 each. All purchases and
The following information pertains to Mason Company for 2016: 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. :. 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.)
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