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10 points 4 Urban Glam Cosmetics made purchases of lipstick in the current year as follows Jan. 1 Beginning inventory Mar. 14 Purchased July

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10 points 4 Urban Glam Cosmetics made purchases of lipstick in the current year as follows Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Skipped Units available for sale: Cost of goods available for sale 111 units $12.00 $1,332 430 units #$13.00- 5,590 680 units $14.00 9,520 1,221 units $16,442 efloo AL References Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The 1,078 units were specifically sold as follows: Jan. 10: 88 units from beginning inventory Mar. 15: 21 units from beginning inventory, and Oct. 5: 339 units from the March 14 purchase 68 units from the March 14 purchase, and 562 units from the July 30 purchase Calculate cost of goods sold and the gross profit Cost of goods sold Gross profit

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