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Required information [ The following information applies to the questions displayed below. ] The following information pertains to Mason Company for Year 2 : Beginning

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
108 units @ $26
342 units @ $39
Ending inventory consisted of 38 units. Mason sold 412 units at $78 each. All purchases and sales were made with cash.
Operating expenses amounted to $3,225.
b. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.)
Note: Round cost per unit to 3 decimal places and other intermediate answers and final answers to the nearest whole dollar
amount.
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