Compute the cost of goods sold and gross protlt under FIFI'EII method: M mm-o--om --__-EJ_ m--m_mms 1040 ---__-El_5 mumm-mm ----E_ s ----E]_ m-_-I mmm --__-EI_ - --__-lm - Thus, The amount of cost of goods sold under FIF'GL method is El . The total sales are (15 x $90 +12 x $93] = 2,4313. Thus, The amount of gross profit unoer FIFE:I method will he the difference between sales and cost of goods gold that is $53[$2,430$l,93}