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urban glam cosematics made purchase of lipstick in the current year as follows Jan 1 beginning inventory 109units @$14.00 =1526 march 14 purchased 420 units

urban glam cosematics made purchase of lipstick in the current year as follows

Jan 1 beginning inventory 109units @$14.00 =1526

march 14 purchased 420 units @$15 =6300

July 30 purchased 670units @16=10720

units available for sale= 1199units

cost of goods available for sale=$18546

urban glam cosematics made sales on the following dates at a selling price of $34 per unit

jan 10 87units

march 15 350units

oct 5 620units

totals 1,057 units

determine the cost that should be assigned to the ending inventory and to goods sold under the following method.

FIFO

Moving weightage average

also calculate the gross of under each method.

FIFO

moving weightage average

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