ASSIGNMENTS - CHAPTER 5 i 2 ! Requlred Information [The following Information applies to the questions displayed below.) Part 2 of 3 The following Information pertains to Mason Company for Year 2 10 points Beginning inventory Units purchased 160 units @ $ 52 446 units @ $ 78 02:48:32 Ending Inventory consisted of 64 units. Mason sold 542 units at $156 each. All purchases and sales were made with cash. Operating expenses amounted to $4,200. eBook b. What is the amount of net Income using FIFO, LIFO, and weighted average? (Ignore Income tax considerations.) (Round cost per unit to 3 declmal places and other Intermediate answers and final answers to the nearest whole dollar amount.) Print References FIFO Net Income $ 42.236 s 40,572 LIFO Weighted average CD 3 Next >