d es Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: 108 units @ $26 342 units @ $39 Beginning inventory Units purchased Ending inventory consisted of 38 units. Mason sold 412 units at $78 each. All purchases and sales were made with cash. Operating expenses amounted to $3,225. c. Compute the amount of ending inventory using (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. FIFO LIFO Weighted average Ending Inventory

d es Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: 108 units @ $26 342 units @ $39 Beginning inventory Units purchased Ending inventory consisted of 38 units. Mason sold 412 units at $78 each. All purchases and sales were made with cash. Operating expenses amounted to $3,225. c. Compute the amount of ending inventory using (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. FIFO LIFO Weighted average Ending Inventory

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Description: Please do not give solution in image format thanku 3dtesRequired information[The following information applies to the questions displayed below.]The following information pertains to Mason Company for Year 2:108 units @ $26342 units @ $39Beginning in

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.11E: Inventory Costing Methods VanderMeer Inc. reported the following information for the month of...

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