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! Required information [The following information applies to the questions displayed below.] ...

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Accounting

!
Required information
[The following information applies to the questions displayed below.]
The following information pertains to Mason Company for Year 2.
Beginning inventory
Units purchased
90 units @ $40
310 units @ $45
Ending inventory consisted of 30 units. Mason sold 370 units at $90 each. All purchases and sales were made with cash. Operating expenses amounted to $4,100.
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 final answers to the nearest whole dollar amount.)
\table[[,Net Income],[FIFO,],[LIFO,],[Weighted average,]]
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