3 o Party Required information Exercise 5-4A Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5-1 (The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2: 74 story 168350 4620 Ending inventory consisted of 68 units. Mason sold 562 units at $168 each. All purchases and sales were made with cash, Operating expenses amounted to $4,350 Exercise 5-4A Part b b. What is the amount of net income using FIFO, LIFO and weighted average? (Ignore income tax considerations.) (Round cost per unit to 3 decimal places and other intermediate answers and final answers to the nearest whole dollar amount.) FFD UFO Weign Net 4 Party Required information Exercise 5-4A Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5-1 The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2 714 Doints ng Enventory Units purchased 168 36 4624 cho Ending Inventory consisted of 68 units. Moson sold 562 units at $168 each. All purchases and sales were made with cash Operating expenses amounted to $4,350 Exercise 5-4A Part c. Compute the amount of ending inventory using (FIFO (2) UFO, and (3) weighted average (Round cost per unit to 3 decimal places and final answers to the nearest whole dollar amount.) FO TURO