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Item2

Urban Glam Cosmetics made purchases of lipstick in the current year as follows:

Jan. 1 Beginning inventory	101	units	@	$	13.00		=	$	1,313
Mar. 14 Purchased	380	units	@	$	14.00		=		5,320
July 30 Purchased	630	units	@	$	15.00		=		9,450
Units available for sale	1,111	units
Cost of goods available for sale								$	16,083

Urban Glam Cosmetics made sales on the following dates at a selling price of $36 per unit:

Jan.	10		83	units
Mar.	15		310	units
Oct.	5		580	units
Totals		973	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.)