Saved 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 136 units @ $ 40 398 units @ $ 60 Ending inventory consisted of 52 units. Mason sold 482 units at $120 each. All purchases and sales were made with cash. Operating expenses amounted to $3,750. Required a. Compute the gross margin for Mason Company using the following cost flow assumptions: (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.) Gross Margin FIFO LIFO Weighted average ! Required information [The following information applies to the questions display 3 The following information pertains to Mason Company for Beginning inventory Units purchased 136 units @ $ 40 398 units @ $ 60 Ending inventory consisted of 52 units. Mason sold 482 uni Operating expenses amounted to $3,750. b. What is the amount of net income using FIFO, LIFO, and weight unit to 3 decimal places and other intermediate answers and fin Net Income FIFO LIFO Weighted average Required information [The following information applies to the questions display The following information pertains to Mason Company for Beginning inventory Units purchased 136 units @ $ 40 398 units @ $ 60 Ending inventory consisted of 52 units. Mason sold 482 unit Operating expenses amounted to $3,750. c. Compute the amount of ending inventory using (1) FIFO. (2) LIFO. places and final answers to the nearest whole dollar amount.) Ending Inventory FIFO LIFO Weighted average