The following information pertains to mason company for year 2: beginning inventory 112 units @ $ 28 units purchased 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.a. compute the gross margin for mason company using the following cost flow assumptions: (1) fifo, (2) lifo, and (3) weighted averageb. what is the amount of net income using fifo, lifo, and weighted average? (ignore income tax consideration)c. compute the amount of ending inventory using (1) fifo, (2) lifo, and (3) weighted average.

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