Question: THE ANSWER I HAVE IN THERE ARE WRONG. PLEASE CORRECT The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 148

THE ANSWER I HAVE IN THERE ARE WRONG. PLEASE CORRECT

The following information pertains to Mason Company for Year 2: Beginning inventory Units purchased 148 units @ $ 46 422 units @ $ 69 Ending inventory consisted of 58 units. Mason sold 512 units at $138 each. All purchases and sales were made with cash. Operating expenses amounted to $3,975. 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.) FIFO Net Income $ 38,732 $ 37,398 LIFO Weighted average $ 38,386

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