10 11 Urban Gan Comes we purchs of pick the camer Cast of Usan Gian Comics made ses on the folowing denge of $30 per t 1.Dete the that should eeneng invertory and Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory 113 units @$13.00 -$1,469 Mar. 14 Purchased 440 units @$14.00 6,160 July 30 Purchased Units available for sale 690 units @$15.00- 1,243 units 10,350 Cost of goods available for sale $17,979 Urban Glam Cosmetics made sales on the following dates at a selling price of $36 per unit Jan. 10 89 units Mar. 15 370 units Oct. 5 648 units Totals 1,099 units Required: The business uses a perpetual inventory system. 1. Determine the costs that should be assigned to the ending inventory and to goods sold under the following methods. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) FIFO b. Moving weighted average Cost of Goods Ending Inventory Sold 2. Also calculate the gross profit under each method. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) FIFO b. Moving weighted average Gross Profit