(The following information applies to the questions displayed below.]

The following information pertains to Mason Company for Year 2.

Beginning inventory

Units purchased

108 units @ $26

342 units @ $39

Ending inventory consisted of 38 units. Mason sold 412 units at $78 each. All purchases and sales were made with cash.

Operating expenses amounted to $3,225.

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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.)

Required information [The following information applies to the questions displayed below] The following information pertains to Mason Company for Year 2. Ending inventory consisted of 38 units. Mason sold 412 units at $78 each. All purchases and sales were made with cash. Operating expenses amounted to $3,225. 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.)