o Required information The following information applies to the questions displayed below.) The following information pertains to Mason Company for Year 2 Beginning inventory 152 units $48 Units purchased 430 units $72 Ending inventory consisted of 60 units. Mason sold 522 units at $144 each. All purchases and sales were made with cash. Operating expenses amounted to $4,050, 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 LIFO Weighted average Required information The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2 Deginning Inventory 152 units 548 Units purchased 430 units 572 Ending inventory consisted of 60 units Mason sold 522 units at S144 coch. All purchases and sales were made with cash Operating expenses amounted to $4,050. 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 other intermediate answers and final answers to the nearest whole dollar amount.) Net income FIFO LIFO Weighted average Required information [The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2. Deginning inventory 152 units 848 Units purchased 430 units e 572 Ending Inventory consisted of 50 units. Mason sold 522 units at $144 each. All purchases and sales were made with cash. Operating expenses amounted to $4,050 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 LIFO Weighted average