Required information The following information applies to the questions displayed below] The following information pertains...
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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: 160 units $52 446 units $78 Beginning inventory Ending inventory consisted of 64 units. Mason sold 542 units at $156 each. All purchases and sales were made with cash. Operating expenses amounted to $4,200. 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 other intermediate answers and final answers to the nearest whole dollar amount.) Net FIFO LIFO Weighted average S 42,236
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