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What is the amount of net income

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Question - The following information pertains to Mason Company for Year 2:

Beginning inventory - 152 units @ $48

Units purchased - 430 units @ $72

Ending inventory consisted of 60 units. Mason sold 522 units at $144 each. All purchases and sales were made with cash. Operating expenses amounted to $4,050.

Required - What is the amount of net income using FIFO, LIFO and weighted average?

Reference no: EM132179779

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