Required information The following information applies to the questions displayed below. The following information pertains to Mason Company for Year 2: Beginning inventory100 units Units purchased $ 22 326 units33 Ending inventory consisted of 34 units. Mason sold 392 units at $66 each. All purchases and sales were made with cash. Operating expenses amounted to $3,075 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 Beginning inventory100 units $ 22 Units purchased 326 units $33 Ending inventory consisted of 34 units. Mason sold 392 units at $66 each. All purchases and sales were made with cash Operating expenses amounted to $3,075. 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: Beginning inventory Units purchased 100 units 22 326 units e 33 Ending inventory consisted of 34 units. Mason sold 392 units at $66 each. All purchases and sales were made with cash Operating expenses amounted to $3,075 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