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The following information applies to the questions displayed below.] The following information pertains to Mason Company for 2016: Beginning inventory90 units Units purchased $40 310 units $45 Ending inventory consisted of 30 units. Mason sold 370 units at $90 each. All purchases and sales were made with cash. Operating expenses amounted to $4,100. value: 43.33 points 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 final answers to the nearest whole dollar amount.)
4. 43.33 points nore b. What is the amount of net income using F considerations.) (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.) Net Inc FIFO LIFO 5. 43.33 points c. Compute the amount of ending inventory using (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. Ending Inventory FIFO LIFO Weighted av
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