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The following Information pertains to Mason Company for Year 2: Beginning inventory Units purchased 110 units 300 unita $60 $64 Ending inventory consisted of 80 units. Mason sold 330 units at $128 each. All purchases and sales were made with cash. Operati expenses amounted to $4500. Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. b. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore Income tax considerations.) c. Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Requirement a. Ignore effect of income taxes. Complete this question by entering your answers in the tabs below. Required A Required B Required 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 nnal answers to nearest whole dollar amount.) FIFO LIFO Weighted Average Gross margin Required B > The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 110 units 300 units $60 $64 Ending Inventory consisted of 80 units. Mason sold 330 units at $128 each. All purchases and sales were made with cash. Operating expenses amounted to $4500. Required - Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. . What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.) 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C 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.) FIFO Weighted LIFO Average Not income