You have the following information for Sunland Company. Sunland Company uses the periodic method of accounting for its inventory transactions. Sunland Company only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. March 1 Beginning inventory 141 diamonds at a cost of $297 per diamond. March 3 Purchased 185 diamonds at a cost of $384 each. March 5 Sold 178 diamonds for $598 each. March 10 Purchased 319 diamonds at a cost of $385 each. March 25 Sold 405 diamonds for $638 each. Assume that Sunland Company uses the FIFO cost flow assumption. Calculate cost of goods soid. How much gross profit would Suntand Company report under this cost flow assumption? Cost of goods sold Gross profit