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Item2 3points Check my workCheck My Work button is now enabled3 Item2 Urban Glam Cosmetics made purchases of lipstick in the current year as follows:

Item2

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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.)

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