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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. Weighted Average $8,291 $1,699 FIFO $8,454 $1,536 Cost of goods sold Ending inventory Assume sale units to be 1,189. Assuming all units are sold for $15 per unit, and the product costs are decreasing, calculate gross profit under FIFO. Gross profit $ e Textbook and Media Assuming all units are sold for $15 per unit, and the product costs are decreasing, calculate gross profit under weighted average. Gross profit $