Required information Exercise 5-4A (Algo) Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO [The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2 5-1 Beginning Inventory Unite purchased 168 unita 1556 462 unit 64 Ending inventory consisted of 68 units. Mason sold 562 units at $168 each. All purchases and sales were made with cash. Operating expenses amounted to $4,350. Exercise 5-4A (Algo) Parta Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: ( 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