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The following information applies to the questions displayed below] The following information pertains to Mason Company for 2016: @ $40 Beginning inventory Units purchased 90 units @ $45 310 units Ending inventory consisted of 30 units. Mason sold 370 units at $90 each. All purchases and sales were made with cash. Operating expenses amounted to $4,100. 1 value: 10.00 points 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 FIFO 17,100 LIFO 16,950 Weighted average 17,066 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 final answers to the nearest whole dollar amount.) Net Income FIFO 15,250 LIFO 15,250 Weighted average 15,250 c. Compute the amount of ending inventory using (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.) Ending Inventory FIFO $ 1,350 $ LIFO 1,200 Weighted average $ 1,316