Chapter 5 - Part 2 Homework (graded) 52/activity/questio Saved Help Save & Exit Submit 4 Check my work ! Part 2 of Required information Exercise 5-4A Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 5-1 (The following information applies to the questions displayed below! The following information pertains to Mason Company for Year 2: 909 points Skloped Beginning inventory Units purchased 160 units 146 units $78 Cook Ending Inventory consisted of 64 units. Mason sold 542 units at $156 each. All purchases and sales were made with cash Operating expenses amounted to $4.200 Exercise 5-4A Part 1 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