12 Part 1 of 3 3 points 04:11:42 - 5-1 [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2 112 units@ $28 350 units@ $42 Beginning inventory Units purchased Exercise 5-4A (Algo) Part a Saved Ending inventory consisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash. Operating expenses amounted to $3,300. FIFO LIFO Weighted average Help Required a. 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 3 decimal places and final answers to the nearest whole dollar amount.) Gross Margin Save & Exit

b. What is the amount of net income using FFO, LFO, and weighted average? innore income tax considerations) (Round cost per unit to 3 decimal places and other intermediote answers and finel answers to the nerest whole dollar omount) The following informotion applies fo the questions displayed below] The following information pertains to Mason Company for Year 2 Beginning inventoin Units purchased 112 units o $25 350 units i 342 Ending inventory cortsisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash Operating expenses imounted to $3,300. Exercise 5.4A (Algo) Part C c. Compute the amount of ending inventory using (1) FIFO, (2) LIFO, and (3) weighred average. (Round cost per unit to 3 ploces and final enswers to the nearest whole dollar omount.) Ending inventory consished of 40 units Mason sold 422 units at a4 each. All purchases and sales were made with cash. Operating expenses amounted to 53.300 Exercise 5-4A (Algo) Part a Required a. Compute the gross margin for Mason Company using the following cost flow assumptions (1) FIFO, (2) LIFO, and (D) weighted averege (Pound cost per unit to 3 decimal places and final answers to the nearest whole dollar nmount.)