Question: This is a 3-part question but they are all dependent on the other to get to the final answer. Thank you so much! The following

This is a 3-part question but they are all dependent on the other to get to the final answer. Thank you so much!

The following information pertains to Mason Company for Year 2:

Beginning inventory 150 units @ $ 40
Units purchased 420 units @ $ 43

Ending inventory consisted of 100 units. Mason sold 470 units at $86 each. All purchases and sales were made with cash. Operating expenses amounted to $3300.

(1) 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 2 decimal places and final answers to nearest whole dollar amount.)

(1)
FIFO. LIFO Weighted Average.
Gross margin. $?????

(2) What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.) (Round "Cost per unit" to 2 decimal places and final answers to the nearest whole dollar.)

(2)
FIFO LIFO Weighted Average
Net income

(3) Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Requirement a. Ignore the effect of income taxes. (Enter cash outflows with a minus sign.)

(3)
FIFO LIFO Weighted Average
Cash flows from operating activities
Cash inflow from customers
Cash outflow for inventory and expense
Net cash flow from operating activities

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