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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 Units purchased

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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 Units purchased 168 units 462 units $ 56 84 Ending inventory consisted of 68 units. Mason sold 562 units at $168 each. All purchases and sales were made with cash. Operating expenses amounted to $4,350. 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

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