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Exercise A Algo Effect of inventory cost flow FIFO LIFO, and weighted average on gross margin LO
The following information applies to the questions displayed below.
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 $
Exercise A Algo Part c
c Compute the amount of ending inventory using FIFO, LIFO, and weighted average.
Note: Round cost per unit to decimal places and final answers to the nearest whole dollar amount.
tableEnding InventoryFIFOLIFOWeighted average,
