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The following information pertains to Mason Company for Year 2. ...

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Accounting

The following information pertains to Mason Company for Year 2.
Beginning inventory 116 units @ $30
Units purchased 358 units @ $45
Ending inventory consisted of 42 units. Mason sold 432 units at $90 each. All purchases and sales were made with cash. Operating expenses amounted to $3,375.
Required
a. Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average.

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