$!$

Required information

$[$The following information applies to the questions displayed below.$]$

The following information pertains to Mason Company for Year $2.$

Beginning inventory

Units purchased

$90$ units @ $$40$

$310$ units @ $$45$

Ending inventory consisted of $30$ units. Mason sold $370$ units at $$90$ each. All purchases and sales were made with cash. Operating expenses amounted to $$4,100.$

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 final answers to the nearest whole dollar amount.$)$

$\backslash$table$[[,$Net Income$],[$FIFO$,],[$LIFO$,],[$Weighted average,$]]$