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Please i need a professor in accounting to solve this. Many had solved it and go

ID: 2340206 • Letter: P

Question

Please i need a professor in accounting to solve this. Many had solved it and got it wrong. Answers should be provided in table form just like the question. Thank you.

Required information The following information applies to the questions displayed below.] The following information pertains to Mason Company for 2018: Beginning inventory Units purchased 140 units$40 290 units$45 Ending inventory consisted of 60 units. Mason sold 370 units at $90 each. All purchases and sales were made with cash Operating expenses amounted to $4100 c. 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. (Amounts to be deducted should be indicated with a minus sign.) 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

Explanation / Answer

c)

FIFO LIFO Weighted average Cash flows from operating activities Cash inflow from customer 370*90 = 33300 33300 33300 Cash outflow for inventory and expense (290*45+4100) = -17150 -17150 -17150 Net cash flow from operating activities 16150 16150 16150