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

Required information [The following information applies to the questions displayed below.] The following information pertains to Mason Company for Year 2: Beginning inventory 136 units @ $ 40 Units purchased 398 units @ $ 60 Ending inventory consisted of 52 units. Mason sold 482 units at $120 each. All purchases and sales were made with cash. Operating expenses amounted to $3,750. c. Compute the amount of ending inventory using (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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