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  3. part a & b required information [the fo

part a & b Required information [The following...

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Accounting

part a & b
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Required information [The following information applies to the questions displayed below] The following information pertains to Mason Company for Year 2. 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. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.) (Round cost per nit to 3 decimal places and final answers to the nearest whole dollar amount) Required information [The following information applies to the questions displayed below] The following information pertains to Mason Company for Year 2 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. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average. (Round cost per unit to 3 decimal laces and final answers to the nearest whole dollar amount.)

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