Also calculate its gross profit under each method.

Urban Glam Cosmetics made purchases of lipstick in the current year as follows: 1 Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units available for sale Cost of goods available for sale 83 units @ $13.00 290 units @ $14.00 540 units @ $15.00 913 units $ 1,079 4,060 8,100 $13,239 gints Urban Glam Cosmetics made sales on the following dates at a selling price of $36 per unit eBook Print Jan. 10 74 units Mar. 15 220 units Oct. 5 490 units Totals 784 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 metho Intermediate calculations. Round your final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average Prey 1 of 4 BB RE Next >