Chapter 6 Lab Question 4 of 9 View Policies -/10 Current Attempt in Progress Pharoah Company uses a perpetual inventory system. The following information is provided for cost of goods sold and ending inventory under FIFO and weighted average FIFO Weighted Average Cost of goods sold $8.115 $7,801 Ending inventory $1,505 $1.819 Assume sale units to be 1,179. Assuming all units are sold for $15 per unit, and the product costs are decreasing. calculate gross profit under FIFO. Question 4 of 9 < Assuming all units are sold for $15 per unit, and the product costs are decreasing, calculate gross profit under FIFO. Gross profit eTextbook and Media -/10 E Assuming all units are sold for $15 per unit, and the product costs are decreasing calculate gross profit under weighted average Gross profit $ a ENG US 445 PM 2022-03-13