Question: fill in the table a,b and c Required information (The following information applies to the questions displayed below.) The following information pertains to Mason Company

fill in the table a,b and c  fill in the table a,b and c Required information (The following
information applies to the questions displayed below.) The following information pertains to
Mason Company for Year 2: Beginning inventory Units purchased 148 units @

Required information (The following information applies to the questions displayed below.) The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 148 units @ $.46 422 units. $ 59 Ending inventory consisted of 58 units. Mason sold 512 units at $138 each. All purchases and sales were made with cash Operating expenses amounted to $3,975. Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO (2) LIFO, and (3) weighted average. (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.) Gross Margin FIFO LIFO Weighted average Required information The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 148 units @ $ 46 422 units $ 69 Ending inventory consisted of 58 units. Mason sold 512 units at $138 each. All purchases and sales were made with cash. Operating expenses amounted to $3,975. b. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.) (Round cost per unit to 3 decimal places and other intermediate answers and final answers to the nearest whole dollar amount.) Net Income FIFO LIFO Weighted average Required information (The following information applies to the questions displayed below.) The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 148 units e$ 46 422 units . $ 69 Ending inventory consisted of 58 units. Mason sold 512 units at $138 each. All purchases and sales were made with cash. Operating expenses amounted to $3,975. c. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.) Ending Inventory FIFO LIFO Weighted average

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