Required information Exercise 5-4A Effect of inventory cost flow (FIFO, LIFO, and weighted average) on gross margin LO 51 [The following information applies to the questions displayed below.) The following information pertains to Mason Company for Year 2 Beginning inventory Units purchased 124 units $34 374 units @ $51 Ending Inventory consisted of 46 units. Mason sold 452 units at $102 each. All purchases and sales were made with cash. Operating expenses amounted to $3,525. Exercise 5-4A Part 6 b. What is the amount of net income using FIFO, LIFO, and welghted 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.) Not income FIFO LIFO Weighted average