ONLINE TEST CHAPTER 5, 6 &7 Help Save & EST CHAPTER 5, 6 &7-Problems Required information (The following information applies to the questions displayed below) The following information pertains to Mason Company for Year 2: 112 units $28 350 units $ 42 Units purchased Ending inventory Operating expenses amounted to $3,300. ry consisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash. 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 places and final answers to the nearest whole dollar amount.) Gross Margin FIFO LIFO