(The following information applies to the questions displayed below.] The following information pertains to Mason...
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(The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2 156 units $50 438 units $ 75 Units Ending inventory consisted of 62 units. Mason sold 532 units at $150 each. All purchases and sales were made with cash. Operating expenses amounted to $4,125 a Compute the gross margin for Mason Company using the following cost flow assumptions: O FIFO (2) LIFO and 3) weighted average. (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.) FIFO LIFO Prev 15 16 17 of 20 Next>
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