Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased 91 units 330 units 580 units @ $14.00 @ $15.00 $1,274 4,950 @ $16.00 = 9,280 Units available for sale 1,001 units Cost of goods available for sale $15,504 Urban Glam Cosmetics made sales on the following dates at a selling price of $34 per unit Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The 868 units were specifically sold as follows: Jan. 10: 78 units from beginning inventory Mar. 15: 11 units from beginning inventory, and 249 units from the March 14 purchase Oct. 5: 58 units from the March 14 purchase, and 472 units from the July 30 purchase Calculate cost of goods sold and the gross profit. Cost of goods sold Gross profit Activate W