Required information The following information applies to the quentons disployed belowy The following information pertains...
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Required information The following information applies to the quentons disployed belowy The following information pertains to Mason Company for Year 2 . Ending inventocy consisted of 30 units. Msson sold 370 unts at $90 each. Al purchases and sales were made with cashOperating expenses amounted to $4%00 Required a. Compute the gross margin for Mason Company using the folloning cont fow assumptions: (5) FiFO, (2) UFO, and (3) weighted everage. (Round cost per unit to 3 decimal ploces and final antwers to the nearest whole dollar amount) Required information [The following information applies to the questions displayod below] The followng information pertains to Mason Company for Year 2. Ending invemory consisted of 30 unis. Mason sold 370 units at 590 each. All porchases and sales were made wath cash. Operating expenses amounted to $4.100. b. What is the amount of net income using FIFO, LIFO, and woighted average? (fignore inciome tax comsideribions) (Alound cost per unit to 3 decimal places and finat answers to the nearest whole doliar amount? Required information The rodoumg information applies to the questoons displayed below] The following idformuten pertains so Mason Comparry for Year 2. Fnding inventory conslsted of 30 unts. Mason sold 370 units at $90 each, Al purchases and soles were made with cash Cperating expenses amounted to $4100. c. Compute the amount of ending inventory using (5) FIFO, (2) UFO, and (3) weighted average. (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount
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