Help Save & Exit Subn Secure Required Information The following information appl

Question

Help Save & Exit Subn Secure Required Information The following information applies to the questions displayed below The following information pertains to Meson Company for 2018 0 unit #20 320 units $22 onits purchased Ending inventory consisted of 60 units. Mason sold 400 units at $44 each. All purchases and sales were made with cash. Operating expenses amounted to $3500 e Determine the cash flow from operating activities, using each of the three cost flaw assumptions listed in Requirement a. Ignore the effect of income taxes. (Amounts to be deducted should be indicated with a minus sign.) FIFO LIFO Cash inflow from Cash Outtow for Inventory and expense

Explanation / Answer

Cash flow from customers = 400*44= $17600 Cash outflow for inventory and expense = (320*22)+3500= $10540 FIFO LIFO Weighted average Cash flow from operating activites: Cash flow from customers 17600 17600 17600 Cash outflow for inventory and expense -10540 -10540 -10540 Net Cash flow from operating activites 7060 7060 7060

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