Required information [The following information applies to the questions displayed below.] The following information pertains to Upper Pak Company for 2016: Beginning 90 units@ $40 inventory Units purchased 310 units@ $45 Ending inventory consisted of 30 units. Upper Pak sold 370 units at $90 each. All purchases and sales were made with cash. Operating expenses amounted to $4,100. 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 final answers to the nearest whole dollar amount.) FIFO LIFO Weighted average Net Income

Required Information [The following information applies to the questions displayed below.] The following information pertains to Upper Pak Company for 2016: Ending inventory consisted of 30 units. Upper Pak sold 370 units at $90 each. All purchases and sales were made with cash. Operating expenses amounted to $4,100. 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 final answers to the nearest whole dolfar amount.)