Help Help The following information pertains to Mason Company for Year 2 8 Beginning inventory Units purchased 90 units 280 unite . . $20 $25 15 points Ending inventory consisted of 40 units, Mason sold 330 units at $50 each. All purchases and sales were made with cash. Operating expenses amounted to $4100 Boe Print References Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average b. What is the amount of net income using FIFO, LIFO, and weighted average? Ognore income tax considerations) c. Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Requirement a. Ignore the effect of income taxes. Complete this question by entering your answers in the tabs below. Required A Required B Required c 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 2 decimal places and final answers to nearest whole dollar amount.) Weld Required > Help The following information pertains to Mason Company for Year 2: 8. Deginning inventory Units purchased . 90 unite 280 vite 520 15 points Ending inventory consisted of 40 units. Mason sold 330 units at $50 each. All purchases and sales were made with cash. Operating expenses amounted to $4100 References Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted b. What is the amount of net income using FIFO, LIFO, and weighted average? (ignore income tax considerations) c. Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Requirement a. Ignore the effect of income taxes Complete this question by entering your answers in the tabs below. Required Required Required What is the amount of net income using FIFO, LIFO, and weighted average? (lonore income tax considerations.) (Round cost per un to 2 decimal places and final answers to the nearest whole dar) 8. Ending inventory consisted of 40 units. Mason sold 330 units at $50 each. All purchases and sales were made with cash. Operating expenses amounted to $4100 Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (1) FIFO (2) LIFO, and (3) weighted average b. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.) c. Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Requirement a, Ignore the effect of income taxes. 15 points Book Print References Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Requirement a Ignore the effect of income taxes. Enter cash outflows with a minus slon) FFO LIFO Weighted Average Cash flows from operating activities Cash intow from customers Cash outflow for inventory and expense Net cash flow from operating activities