Chapter 5 - Homework Save Help Save & B Submit Check my work 3 Part 13 3 Required information The following information applies to the questions display Now) The following information pertains to Mason Company for Year 2. Beginning inventory 156 units $50 Units purchased 438 units @ $75 Ending inventory consisted of 62 units Mason sold 532 units at $150 each. All purchases and sales were made with cash. Operating expenses amounted to $4.125. Mences 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 3 decimal ces and final answers to the nearest whole dollar amount.) Gross Margin FIFO UFO Weighted average