Question 1 of 2 -/1 ill View Policies Current Attempt in Progress Oriole Company uses a perpetual inventory system. The following information is provided for cost of goods sold and ending inventory under FIFO and weighted average. Weighted Average $7,844 $1.636 FIFO $7.920 $1.560 Cost of goods sold Ending inventory Assume sale units to be 1.200. Assuming all units are sold for $15 per unit, and the product costs are decreasing, calculate gross profit under FIFO. Gross profit ASALE DAWKINS Exercise 600 por CH BE