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 172 units 558 478 units 587 Ending Inventory consisted of 70 units. Mason sold 572 units at $174 each All purchases and sales were made with cosh Operating expenses amounted to $4,425. 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 in some 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 172 units 558 Units purchased 420 units 587 Ending Inventory consisted of 70 units. Mason sold 572 units at $174 each. All purchases and sales were made with cash. Operating expenses amounted to $4,425. 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