Determine the company's gross profit using the FIFO inventory costing method. Gross profit is $ using the FIFO inventory costing method. Quantity Cost Cost Quantity Cost Cost Date Jan. 1 5 156 $ 64 $ 9,984 Quantity Cost 78 $ 55 $ 78 $ 55 $ 156 S 64 $ 54 $ 64 $ Cost 4.290 4,290 9,984 3,456 78 $ 102 $ 55 $ 64 $ 4,290 6,528 114 $ 75 $ 8,550 54 $ 114 $ $ 64 $ 75 $ 75 $ 3,456 8,550 1,350 18 54 $ 96 $ 330 64 $ 3,456 75 $ 7,200 $ 21,474 Totals 270 $ 18,534 $ 1,350 Determine the company's gross profit using the FIFO inventory costing method. Gross profit is $ using the FIFO inventory costing method. Quantity Cost Cost Quantity Cost Cost Date Jan. 1 5 156 $ 64 $ 9,984 Quantity Cost 78 $ 55 $ 78 $ 55 $ 156 S 64 $ 54 $ 64 $ Cost 4.290 4,290 9,984 3,456 78 $ 102 $ 55 $ 64 $ 4,290 6,528 114 $ 75 $ 8,550 54 $ 114 $ $ 64 $ 75 $ 75 $ 3,456 8,550 1,350 18 54 $ 96 $ 330 64 $ 3,456 75 $ 7,200 $ 21,474 Totals 270 $ 18,534 $ 1,350