Question: Beginning inventory 112 units @ $ 28 Units purchased 350 units @ $ 42 Ending inventory consisted of 40 units. Mason sold 422 units at
Beginning inventory 112 units @ $ 28 Units purchased 350 units @ $ 42 Ending inventory consisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash. Operating expenses amounted to $3,300. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average
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