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[The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: Beginning inventory 152 units @ $

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

The following information pertains to Mason Company for Year 2: Beginning inventory 152 units @ $ 48 Units purchased 430 units @ $ 72

Ending inventory consisted of 60 units. Mason sold 522 units at $144 each. All purchases and sales were made with cash. Operating expenses amounted to $4,050.

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.)

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