Ivanhoe 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 $8,278 $8.170 Cost of goods sold Ending inventory $1.422 $1.530 Assume sale units to be 1.188. Assuming all units are sold for $15 per unit and the product costs are decreasing calculate gross proft under FFO. Gross profit s