Ending inventory consisted of 50 units. Mason sold 340 units at $170 each. All purchases and sales were made with cash. Operating expenses amounted to $2800.

FIFO LIFO Weighted Average Gross margin FIFO LIFO Weighted Average Net income FIFO LIFO Weighted Average Cash flows from operating activities Cash inflow from customers Cash outflow for inventory and expense Net cash flow from operating activities Beginning inventory Units purchased 90 units 300 units @ @ $80 $85