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The following information pertains to Mason Company for Year 2 : Beginning inventory 1 2 4 units @ $ 3 4 Units purchased 3 7

The following information pertains to Mason Company for Year 2:
Beginning inventory 124 units @ $34
Units purchased 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.
Exercise 5-4A (Algo) Part a
Required
a. Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average.
Note: Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.

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