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The following information pertains to Mason Company for Year 2 . Beginning inventory 1 1 6 units @ $ 3 0 Units purchased 3 5
The following information pertains to Mason Company for Year
Beginning inventory units @ $
Units purchased units @ $
Ending inventory consisted of units. Mason sold units at $ each. All purchases and sales were made with cash. Operating expenses amounted to $
Required
a Compute the gross margin for Mason Company using the following cost flow assumptions: FIFO, LIFO, and weighted average.
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