Chapter 5 Group Work K Questions 2-4 (of Exercise 5-4A Effect of inventory cost flow (FIFo, LIFo, and weighted average) on gross m The following information applies to the questions displayed below) The following information pertains to Mason Company for 2016: Beginning inventory 112 units $28 Units purchased 350 units $42 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 S3.300. References Exercise 5-4A Effect ofinventory cost Section Break flow (FIFO, LuFO, and weighted average) on gross margin LO 51 value