I am working on a problem that involves using FIFO, LIFO and average cost.  I tried practicing the FIFO method and still get it wrong. the problem states: the following information pertains to Mason company for 2018: beginning inventory 120 units $40 units purchased 330 units $44 ending inventory consisted of 70 units. Mason sold 380 units at $88 each. All purchases and sales were made with cash. operating expenses amounted to $3100.

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