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Part 2 of 3 Required information Exercise 5-4A (Algo) Effect of inventory cost flow (FIFO,...

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Part 2 of 3 Required information Exercise 5-4A (Algo) Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5.1 [The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2 2 points 013731 Beginning inventory Units purchased The units 5 22 326 units 533 book Ending inventory consisted of 34 units. Mason sold 392 units at $66 each. All purchases and sales were made with cash Operating expenses amounted to $3,075 Hint Exercise 5-4A (Algo) Part b b. What is the amount of net income using FIFO.LIFO, and weighted average?ignore income tax considerations ) (Round cost per unit to 3 decimal places and other intermediate answers and final answers to the nearest whole dollar amount) References Net Income FIFO LIFO Weighted average

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