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The following information pertains to Mason Company for Year 2. ...

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Accounting

The following information pertains to Mason Company for Year 2.
Beginning inventory 112 units @ $28
Units purchased 350 units @ $42
Ending inventory consisted of 40 units. Mason sold 422 units at $84 each. All purchases and sales were made with cash. Operating expenses amounted to $3,300.
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.)

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