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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 inventory 120 units

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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 inventory 120 units @ $32 Units purchased 366 units @ $48 Ending Inventory consisted of 44 units. Mason sold 442 units at $96 each. All purchases and sales were made with cash. Operating expenses amounted to $3,450. b. What is the amount of net Income using FIFO, LIFO, and welghted 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

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