The following information pertains to Mason Company for Year 2 Beginning inventory Units purchased 112 units $28 350 units $42 3 Ending inventory consisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash Operating expenses amounted to $3,300 Exercise 5-4A (Algo) Parta Required a. Compute the gross margin for Mason Company using the following cost flow assumptions() 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 The following information pertains to Mason Company for Year 2 Beginning inventory units purchased 112 units @ $ 28 350 units @ $ 42 Ending inventory consisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash Operating expenses amounted to $3,300 Exercise 5.4A (Algo) Part b 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.) Net Income FIFO LIFO Weighted average The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 112 units $28 350 units # $ 42 Ending inventory consisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash Operating expenses amounted to $3,300 Exercise 5-4A (Algo) Part c. Compute the amount of ending inventory using (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.) Ending Inventory FIFO LIFO Weighted average