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The folowing information epplies to the questions displayed below] The following Information pertains to Mason...

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Accounting

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The folowing information epplies to the questions displayed below] The following Information pertains to Mason Company for 2016: Beginning Inventory 164 units $54 Units purchased 454 units @ $81 Ending inventory consisted of 66 units. Mason sold 552 units at $162 each. All purchases and sales were made with cash. Operating expenses amounted to $4.275 value: 3.00 points Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (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.) Gross Margin 49.140 $ 47,358 FIFO LIFO Weighted average 52,164

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