Required informetion The following information pertains to Mason Company for Year 2 Eeginning inventery bitts purchasted 132 units 4 ses 390 valts eis? Ending imventory consisted of 50 units. Mason sold 472 units at 5 t14 each. All purchoses and sales were made with cash Operating expenses amounted to $3.675. Required o. Compute the gross margin for Mason Company using the following cost flow assumptions (1) FIFO. (2) UIFO, and (3) weighted dverege (Round cost per unit to 3 decimol ploces and finol onswers to the nearest whole dollar amount.) Requirod infiriration The following intorimution applies fo the questions displayed below] The following informetion pertie sto Mason Company for Yesr 2 Ending inventory consisted of 50 unds. Mason sold 472 units of 5114 each. All purchases and sales were made weh cash. Operating expenses emounted to 53.675 b. What is the amount of net income using FIFO LIFO, and weighted average? (lgnore income tax consuderations) (Round cost per unit to 3 decimal ploces and other intermediste onswers ond finel anwwers to the nearest whole dollar omount) Required information The following information deplies to the questons displayed below] The following information pertans to Mason Company for Year 2. Eesinning Ifrentory Eeginning inventory Undts purchosed 132unlt:$538390units8597 Ending inventory consisted of 50 units. Mason sold 472 units at 5114 each. All poirchases and sales were made with cash Operating expenses amounted to $3.675 c. Compute the amount of ending inventary using (1) FIFO, (2) UFO, and (3) weighted average (Round cost per unit to 3 decimal pleces ond finst onswers to the nesrest whole doller anount.)