2 Beginning inventory Units purchased 100 units 310 units $70 $74 2000 Ending inventory consisted of 70 units. Mason sold 340 units at $148 each. All purchases and sales were made with cash. Operating expenses amounted to $3000.1 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 the effect of income taxes. Complete this question by entering your answers in the tabs below. Required A Required D Required 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. (Enter cash outflows with a minus sign.) Cash flows from operating activities FIFO LIFO Weighted Average Cash inflow from customers Cash outflow for invertory and expen $ 50.320 $50,320 s 50,320 View previous attempt