Question: Required information Exercise 5 - 4 A ( Algo ) Effect of inventory cost flow ( FIFO , LIFO, and weighted average ) on gross

Required information
Exercise 5-4A (Algo) Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO
5-1
[The following information applies to the questions displayed below.]
The following information pertains to Mason Company for Year 2:
Ending inventory consisted of 36 units. Mason sold 402 units at $72 each. All purchases and sales were made with cash.
Operating expenses amounted to $3,150.
Exercise 5-4A (Algo) Part c
c. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighted average.
Note: Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.
 Required information Exercise 5-4A (Algo) Effect of inventory cost flow (FIFO,

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