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Compute the amount of ending inventory

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Question - The following information pertains to Mason Company for Year 2:

Beginning inventory

152 units $ $48

Units purchased

430 units $ $72

Ending inventory consisted of 60 units. Mason sold 522 units at $144 each. All purchases and sales were made with cash. Operating expenses amounted to $4,050.

Required - Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average.

Reference no: EM132178878

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