ct.m ow/ Chapter 5 Homework 2 Required information The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: Part 1 of 3 Units purchased 414 units$66 Ending inventory consisted of 56 units. Mason sold 502 units at $132 each. All purchases and sales were made with cash. Operating expenses amounted to $3,900. References 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.) FIFO LIFO