Required information [The following information applies to the questions displayed below] The following information pertains to Mason Company for 2018: Beginning inventory Units purchased 150 units 420 units @ @ $40 $43 Ending inventory consisted of 100 units. Mason sold 470 units at $86 each. All purchases and sales were made with cash. Operating expenses amounted to $3300. 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 2 decimal places and final answers to nearest whole dollar amount.) FIFO LIFO Weighted Average Gross margin Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for 2018: Beginning inventory Units purchased 150 units 420 units @ @ $40 $43 Ending inventory consisted of 100 units. Mason sold 470 units at $86 each. All purchases and sales were mad Operating expenses amounted to $3300. b. What is the amount of net income using FIFO, LIFO, and weighted average? (Ignore income tax considerations.) FIFO LIFO Average Net income Required information [The following information applies to the questions displayed below.) The following information pertains to Mason Company for 2018: 150 units @ $40 Beginning inventory Units purchased $48 420 units Ending inventory consisted of 100 units. Mason sold 470 units at $86 each. All purchases ar Operating expenses amounted to $3300. c. Determine the cash flow from operating activities, using each of the three cost flow assumption effect of income taxes. (Amounts to be deducted should be indicated with a minus sign.) FIFO LIFO Weighted Average Cash flows from operating activities Cash inflow from customers Cash Outflow for Inventory and expense Net cash flow from operating activities