Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units available for sale Cost of goods available for sale 109 units 420 units 670 units 1,199 units $14.00 $15.00 $16.00 - $ 1,526 - 6,300 - 10,720 $18.546 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 1,057 units were specifically sold as follows: Jan. 101 87 units from beginning inventory Mar. 1520 units from beginning inventory, and 330 units from the March 14 purchase Det. 51 67 units Erom the March 14 purchase, and 553 units from the July 30 purchase Calculate cost of goods sold and the gross profit. Cost of goods sold Gr65 prof kper S88 MacBook Air Tech Inc's board of directors voted to declare a common cash dividend of $.0.75 per share. The company has 15,000 common shares authorized, with 10,000 issued and outstanding. The amount of the dividend is Multiple Choice $7,500 65 625 $2,750 S7125 5375 Dj C MacBook Air 3 * oa o Puff and Smoke agreed to share profits and losses in their partnership on a 7:3 basis, respectively, after a salary allowance of $25,000 is allocated to Puff. Earnings for the period total $115,000. What will be the total amount credited to Puff's Capital account when the Income Summary account is closed? Multiple Choice 0 C) $88,000 0 O $63,000 0 O $25,000 0 kper $52.000 0 $90,000 MacBook Air # * w o